Altius Minerals (TSE:ALS) Releases Quarterly Earnings Results

Altius Minerals (TSE:ALS) released its quarterly earnings results on Tuesday. The company reported C$0.18 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$19.57 million for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%.

Altius Minerals Price Performance

Shares of ALS traded down C$2.48 during trading hours on Thursday, hitting C$47.98. 120,336 shares of the company were exchanged, compared to its average volume of 234,475. The company has a quick ratio of 6.49, a current ratio of 13.49 and a debt-to-equity ratio of 6.47. Altius Minerals has a fifty-two week low of C$37.78 and a fifty-two week high of C$69.55. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of 7.62 and a beta of 0.23. The firm’s fifty day moving average is C$60.36 and its 200 day moving average is C$55.46.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James Financial upped their price target on shares of Altius Minerals from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. National Bank Financial boosted their price objective 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. TD set a C$60.00 target price on shares of Altius Minerals and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Canaccord Genuity Group raised their target price on shares of Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$64.00.

About Altius Minerals

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.