Altius Minerals (TSE:ALS) Price Target Raised to C$48.00 at Raymond James Financial

Altius Minerals (TSE:ALS) had its target price increased by Raymond James Financial from C$47.00 to C$48.00 in a report published on Friday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a report on Thursday. TD Securities increased their price objective on Altius Minerals from C$39.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday. Finally, National Bank Financial lifted their target price on Altius Minerals from C$45.50 to C$52.00 in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$44.00.

Altius Minerals Stock Performance

Altius Minerals stock opened at C$43.05 on Friday. The business has a 50 day moving average of C$45.23 and a 200-day moving average of C$39.29. The company has a market capitalization of C$1.99 billion, a P/E ratio of 5.63 and a beta of 0.33. Altius Minerals has a 1 year low of C$22.27 and a 1 year high of C$49.73. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49.

Altius Minerals (TSE:ALS) last posted its earnings results on Tuesday, March 10th. The company reported C$0.24 EPS for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The business had revenue of C$14.06 million for the quarter. On average, equities research analysts predict that Altius Minerals will post 0.3509869 earnings per share for the current year.

Insider Activity at Altius Minerals

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

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.