Altius Minerals (TSE:ALS) Price Target Raised to C$75.00

Altius Minerals (TSE:ALS) had its price objective increased by National Bank Financial from C$70.00 to C$75.00 in a research note published on Wednesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

ALS has been the subject of several other research reports. Raymond James Financial increased their target price on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. Canaccord Genuity Group boosted their price target on Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday. Scotiabank upgraded Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. TD set a C$60.00 price target on Altius Minerals and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, BMO Capital Markets raised their price objective on Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$63.62.

Altius Minerals Price Performance

TSE:ALS opened at C$63.26 on Wednesday. The stock has a market cap of C$3.72 billion, a P/E ratio of 10.11 and a beta of 0.40. Altius Minerals has a one year low of C$28.63 and a one year high of C$66.05. The company has a fifty day moving average price of C$60.19 and a 200 day moving average price of C$52.98. 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 issued its quarterly earnings results on Monday, August 10th. The company reported C$0.14 earnings per share for the quarter. The firm had revenue of C$23.15 million during the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. Analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Buying and Selling at Altius Minerals

In related news, insider Stephanie Hussey bought 1,700 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the acquisition, the insider owned 18,521 shares in the company, valued at approximately C$943,830.16. This represents a 10.11% increase in their position. Corporate insiders own 19.00% of the company’s stock.

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.