Altius Minerals (TSE:ALS) Upgraded by Scotiabank to Hold Rating

Scotiabank upgraded shares of Altius Minerals (TSE:ALS) to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. ATB Cormark Capital Markets upped their price target on shares of Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Raymond James Financial raised their price objective on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. Canaccord Genuity Group lifted their price objective on Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday, May 12th. BMO Capital Markets upped their target price on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, TD Securities lowered Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Altius Minerals presently has a consensus rating of “Hold” and a consensus price target of C$61.75.

Altius Minerals Trading Down 0.0%

TSE:ALS opened at C$58.45 on Thursday. The company has a market capitalization of C$3.26 billion, a PE ratio of 9.34 and a beta of 0.40. The company has a quick ratio of 6.49, a current ratio of 9.96 and a debt-to-equity ratio of 6.56. Altius Minerals has a 52-week low of C$28.33 and a 52-week high of C$66.05. The stock has a fifty day simple moving average of C$58.43 and a 200-day simple moving average of C$51.28.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. The firm had revenue of C$22.17 million for the quarter. On average, equities research analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stephanie Hussey bought 1,700 shares of Altius Minerals stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the acquisition, the insider owned 18,521 shares in the company, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their ownership of the stock. Insiders own 19.00% of the company’s stock.

Altius Minerals Company Profile

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.