Altius Minerals’ (ALS) “Sector Perform” Rating Reiterated at Scotiabank

Scotiabank reiterated their sector perform rating on shares of Altius Minerals Co. (TSE:ALS) in a research report sent to investors on Friday morning. Scotiabank currently has a C$13.50 target price on the stock.

Separately, TD Securities reissued a buy rating and issued a C$16.50 price target on shares of Altius Minerals in a report on Wednesday, August 23rd.

Shares of Altius Minerals (TSE ALS) opened at 11.72 on Friday. The firm’s market cap is $507.89 million. Altius Minerals has a 12 month low of $9.41 and a 12 month high of $14.06. The firm has a 50-day moving average of $11.67 and a 200-day moving average of $11.40.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, October 5th.

In other Altius Minerals news, insider Benjamin Gerard Lewis bought 3,900 shares of Altius Minerals stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average price of C$11.10 per share, with a total value of C$43,290.00. Also, insider Minerals Corporation Altius bought 3,100 shares of Altius Minerals stock in a transaction that occurred on Friday, June 30th. The shares were acquired at an average cost of C$10.72 per share, for a total transaction of C$33,232.00. Insiders bought a total of 108,489 shares of company stock worth $1,174,453 in the last three months.

Altius Minerals Company Profile

Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal.

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