Altius Minerals Co. (TSE:ALS) Receives Consensus Rating of “Buy” from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$20.44.

A number of brokerages recently weighed in on ALS. Cormark increased their price target on shares of Altius Minerals from C$24.00 to C$25.00 and gave the company a “na” rating in a research report on Thursday. BMO Capital Markets reissued a “market perform” rating and issued a C$20.00 target price on shares of Altius Minerals in a research note on Wednesday, June 16th. Canaccord Genuity reissued a “hold” rating and issued a C$21.00 target price (down from C$22.00) on shares of Altius Minerals in a research note on Friday, August 20th. Scotiabank raised their target price on shares of Altius Minerals from C$17.00 to C$18.00 in a research note on Monday, July 12th. Finally, Raymond James reduced their price objective on shares of Altius Minerals from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research report on Wednesday.

Shares of ALS stock traded down C$0.42 during mid-day trading on Friday, reaching C$16.80. The company’s stock had a trading volume of 98,409 shares, compared to its average volume of 109,157. The firm’s 50-day moving average is C$16.26 and its two-hundred day moving average is C$16.69. The company has a debt-to-equity ratio of 22.67, a quick ratio of 4.89 and a current ratio of 4.89. Altius Minerals has a 1-year low of C$10.45 and a 1-year high of C$19.39. The company has a market cap of C$695.69 million and a P/E ratio of -3,386.00.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Monday, August 9th. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.16 by C$0.09. The company had revenue of C$21.91 million for the quarter, compared to the consensus estimate of C$19.50 million. Sell-side analysts anticipate that Altius Minerals will post 0.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were issued a dividend of $0.07 per share. The ex-dividend date was Monday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from Altius Minerals’s previous quarterly dividend of $0.05. Altius Minerals’s dividend payout ratio (DPR) is currently -4,000.00%.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada and Brazil. The company owns royalty and streaming interests in 14 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal. It is also involved in the acquisition and management of renewable energy investments and royalties, as well as early-stage royalties and minority equity or project interests.

Featured Story: Intrinsic Value

Analyst Recommendations for Altius Minerals (TSE:ALS)

Receive News & Ratings for Altius Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altius Minerals and related companies with MarketBeat.com's FREE daily email newsletter.