Altius Minerals (TSE:ALS) Price Target Raised to C$52.00

Altius Minerals (TSE:ALS) had its price target increased by National Bankshares from C$45.50 to C$52.00 in a research report issued on Thursday,BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 13.12% from the company’s previous close.

A number of other brokerages have also recently commented on ALS. TD Securities upped their price target on Altius Minerals from C$34.00 to C$39.00 in a research report on Tuesday, October 21st. Raymond James Financial downgraded Altius Minerals from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from C$9.00 to C$9.50 in a research note on Tuesday, December 30th. Scotiabank cut shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. Finally, BMO Capital Markets increased their price objective on shares of Altius Minerals from C$34.00 to C$35.00 in a research note on Wednesday, November 12th. Two 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.com, Altius Minerals has a consensus rating of “Moderate Buy” and a consensus price target of C$35.42.

Altius Minerals Stock Performance

ALS stock traded down C$0.83 during midday trading on Thursday, reaching C$45.97. 196,618 shares of the company’s stock traded hands, compared to its average volume of 156,304. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. Altius Minerals has a 52-week low of C$22.27 and a 52-week high of C$48.54. The stock has a market cap of C$2.13 billion, a P/E ratio of 6.01 and a beta of 0.20. The stock’s 50-day moving average is C$41.76 and its 200 day moving average is C$35.70.

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.