Altius Minerals Co. (ALS.TO) – What Are Brokerages Thinking About This Stock?

Shares of Altius Minerals Co. (TSE:ALS) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$64.00.

ALS has been the topic of a number of analyst reports. Scotiabank raised Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. Canaccord Genuity Group upped their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. Raymond James Financial raised their target price on shares of Altius Minerals from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. ATB Cormark Capital Markets raised their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Finally, National Bank Financial lifted their target price on shares of Altius Minerals from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th.

Altius Minerals Price Performance

Shares of TSE ALS traded down C$0.92 during mid-day trading on Friday, reaching C$56.56. The company had a trading volume of 212,858 shares, compared to its average volume of 241,724. The company has a current ratio of 13.49, a quick ratio of 6.49 and a debt-to-equity ratio of 6.47. The stock has a market cap of C$3.32 billion, a PE ratio of 8.98 and a beta of 0.47. The company has a 50-day moving average price of C$64.58 and a two-hundred day moving average price of C$59.19. Altius Minerals has a 1-year low of C$34.30 and a 1-year high of C$69.55.

Altius Minerals (TSE:ALS) last announced its earnings results on Monday, August 10th. The company reported C$0.14 EPS for the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%. The business had revenue of C$23.15 million during the quarter. On average, equities analysts anticipate that Altius Minerals will post 0.35 earnings per share for the current year.

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.