Altius Minerals (TSE:ALS) Releases Earnings Results

Altius Minerals (TSE:ALS) posted its quarterly earnings data on Tuesday. The company reported C$0.24 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$14.06 million during the quarter. Altius Minerals had a return on equity of 56.56% and a net margin of 702.52%.

Altius Minerals Stock Performance

ALS stock traded up C$0.45 during midday trading on Tuesday, hitting C$45.76. The stock had a trading volume of 113,101 shares, compared to its average volume of 158,428. Altius Minerals has a 52 week low of C$22.27 and a 52 week high of C$49.73. The company has a current ratio of 8.46, a quick ratio of 6.49 and a debt-to-equity ratio of 9.79. The stock has a 50-day simple moving average of C$44.91 and a 200 day simple moving average of C$38.99. The firm has a market capitalization of C$2.12 billion, a price-to-earnings ratio of 5.98 and a beta of 0.33.

Wall Street Analyst Weigh In

ALS has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Altius Minerals from C$34.00 to C$35.00 in a research note on Wednesday, November 12th. Raymond James Financial downgraded shares of Altius Minerals from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from C$9.00 to C$9.50 in a report on Tuesday, December 30th. Scotiabank lowered shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, National Bank Financial increased their target price on shares of Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$35.42.

Insider Buying and Selling at Altius Minerals

In other Altius Minerals news, insider Flora Emily Mackay Wood acquired 1,000 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was bought at an average price of C$43.15 per share, for a total transaction of C$43,150.00. Following the purchase, the insider owned 13,370 shares in the company, valued at C$576,915.50. This represents a 8.08% increase in their position. Also, insider Mark Raguz acquired 1,160 shares of Altius Minerals stock in a transaction dated Friday, January 30th. The shares were acquired at an average cost of C$43.01 per share, with a total value of C$49,891.60. Following the completion of the acquisition, the insider directly owned 20,253 shares in the company, valued at C$871,081.53. This trade represents a 6.08% increase in their position. Insiders own 19.00% of the company’s stock.

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.