Altius Minerals (TSE:ALS) Hits New 12-Month High – What’s Next?

Altius Minerals Co. (TSE:ALS) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$52.88 and last traded at C$51.99, with a volume of 118832 shares. The stock had previously closed at C$52.43.

Wall Street Analyst Weigh In

A number of analysts have commented on ALS shares. TD Securities boosted their target price on Altius Minerals from C$39.00 to C$52.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. National Bank Financial boosted their target price on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Canaccord Genuity Group boosted their target price on Altius Minerals from C$47.00 to C$51.00 in a research report on Monday, March 16th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Finally, Raymond James Financial boosted their target price on Altius Minerals from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Altius Minerals presently has an average rating of “Moderate Buy” and a consensus target price of C$45.83.

Altius Minerals Price Performance

The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49. The company has a 50-day moving average price of C$45.89 and a 200-day moving average price of C$41.46. The firm has a market capitalization of C$2.92 billion, a PE ratio of 8.24 and a beta of 0.30.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Tuesday, March 10th. The company reported C$0.24 earnings per share (EPS) for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The business had revenue of C$14.06 million for the quarter. Sell-side analysts forecast that Altius Minerals Co. will post 0.3509869 EPS for the current year.

Insider Buying and Selling

In related news, Director Brian Dalton acquired 1,600 shares of Altius Minerals stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of C$41.32 per share, for a total transaction of C$66,112.00. Following the completion of the transaction, the director directly owned 829,956 shares of the company’s stock, valued at C$34,293,781.92. The trade was a 0.19% increase in their ownership of the stock. Also, insider Mark Raguz acquired 1,000 shares of Altius Minerals stock in a transaction dated Thursday, March 19th. The stock was bought at an average price of C$40.20 per share, for a total transaction of C$40,200.00. Following the completion of the transaction, the insider directly owned 21,253 shares of the company’s stock, valued at approximately C$854,370.60. This represents a 4.94% increase in their ownership of the stock. Insiders have acquired 7,760 shares of company stock valued at $328,364 over the last three months. 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.