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

Altius Minerals Co. (TSE:ALS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$55.66 and last traded at C$55.10, with a volume of 161402 shares trading hands. The stock had previously closed at C$53.43.

Analyst Ratings Changes

Several brokerages have recently weighed in on ALS. TD Securities lowered shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. TD lowered shares of Altius Minerals from a “buy” rating to a “hold” rating and lifted their target price for the company from C$52.00 to C$54.00 in a research report on Friday, April 10th. Canaccord Genuity Group lifted their target price on shares of Altius Minerals from C$47.00 to C$51.00 in a research report on Monday, March 16th. Raymond James Financial lifted their target price on shares of Altius Minerals from C$48.00 to C$52.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$48.36.

Altius Minerals Stock Up 3.1%

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 firm’s 50-day moving average is C$48.74 and its two-hundred day moving average is C$44.16. The stock has a market cap of C$3.07 billion, a P/E ratio of 8.69 and a beta of 0.36.

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

Insider Buying and Selling

In related news, Director Andr� Gaumond acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of C$41.69 per share, for a total transaction of C$41,690.00. Following the transaction, the director directly owned 78,351 shares of the company’s stock, valued at approximately C$3,266,453.19. This trade represents a 1.29% increase in their position. Also, insider Mark Raguz purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of C$40.20 per share, with a total value of C$40,200.00. Following the completion of the purchase, the insider owned 21,253 shares of the company’s stock, valued at C$854,370.60. The trade was a 4.94% increase in their ownership of the stock. Insiders purchased 5,600 shares of company stock worth $235,322 in the last quarter. 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.