Altius Minerals (TSE:ALS) Director Brian Dalton Buys 2,000 Shares of Stock

Altius Minerals Co. (TSE:ALS) Director Brian Dalton bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of C$43.66 per share, with a total value of C$87,320.00. Following the transaction, the director owned 828,356 shares of the company’s stock, valued at C$36,166,022.96. The trade was a 0.24% increase in their position.

Altius Minerals Stock Performance

Shares of TSE ALS opened at C$41.84 on Friday. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11. The company has a market cap of C$2.34 billion, a P/E ratio of 6.60 and a beta of 0.33. The firm’s fifty day moving average is C$45.23 and its two-hundred day moving average is C$39.68. Altius Minerals Co. has a 52-week low of C$22.27 and a 52-week high of C$49.73.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$14.06 million for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. As a group, analysts anticipate that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Analysts Set New Price Targets

ALS has been the subject of several research analyst reports. Canaccord Genuity Group raised their price target on Altius Minerals from C$47.00 to C$51.00 in a report on Monday. National Bank Financial upped their price objective on Altius Minerals from C$45.50 to C$52.00 in a report on Thursday, January 29th. TD Securities raised their target price on shares of Altius Minerals from C$39.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Finally, Raymond James Financial upped their price target on shares of Altius Minerals from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, March 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$45.83.

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.