Altius Minerals Co. (TSE:ALS) Receives C$63.62 Average Price Target from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have received an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$64.00.

Several research analysts have recently issued reports on ALS shares. Raymond James Financial lifted their price target on Altius Minerals from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Thursday. National Bank Financial raised their target price on shares of Altius Minerals from C$70.00 to C$75.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets lifted their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. BMO Capital Markets upped their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Finally, TD set a C$60.00 price target on shares of Altius Minerals and gave the company a “hold” rating in a research report on Wednesday, July 22nd.

Altius Minerals Stock Performance

TSE ALS opened at C$67.51 on Friday. The business has a 50 day moving average price of C$61.36 and a 200 day moving average price of C$54.28. The company has a market capitalization of C$3.97 billion, a P/E ratio of 10.72 and a beta of 0.40. Altius Minerals has a 1-year low of C$28.95 and a 1-year high of C$67.70. The company has a debt-to-equity ratio of 6.47, a current ratio of 13.49 and a quick ratio of 6.49.

Altius Minerals (TSE:ALS) last posted its earnings results on Monday, August 10th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$23.15 million for the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%. Sell-side analysts expect that Altius Minerals will post 0.3509869 EPS for the current fiscal year.

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.