Altius Minerals Co. (TSE:ALS) Stock Has Average Price Target of C$64.00 According to Brokerages

Altius Minerals Co. (TSE:ALS) has been given an average recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$64.00.

ALS has been the subject of several research analyst reports. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. National Bank Financial boosted their price objective on shares of Altius Minerals from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. ATB Cormark Capital Markets upped their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th. TD set a C$60.00 price target on Altius Minerals and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial boosted their price target on Altius Minerals from C$66.00 to C$69.00 and gave the company an “outperform” rating in a report on Thursday, August 27th.

Altius Minerals Stock Down 0.6%

ALS opened at C$49.64 on Wednesday. The firm has a market cap of C$2.92 billion, a price-to-earnings ratio of 7.88 and a beta of 0.47. The firm’s 50-day simple moving average is C$62.00 and its 200-day simple moving average is C$55.27. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. Altius Minerals has a twelve month low of C$37.01 and a twelve month high of C$69.55.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Monday, August 10th. The company reported C$0.14 EPS for the quarter. The firm had revenue of C$23.15 million for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. Equities research analysts anticipate that Altius Minerals will post 0.35 EPS for the current fiscal year.

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.