Altius Minerals (TSE:ALS) Given New C$24.50 Price Target at Canaccord Genuity Group

Altius Minerals (TSE:ALS) had its price objective hoisted by Canaccord Genuity Group from C$24.00 to C$24.50 in a research note released on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. National Bankshares lowered their target price on shares of Altius Minerals from C$24.00 to C$23.00 and set an outperform rating for the company in a research note on Monday, January 8th. TD Securities upgraded Altius Minerals from a hold rating to a buy rating and increased their price objective for the company from C$22.00 to C$23.00 in a report on Tuesday, March 12th. Finally, Scotiabank cut their target price on Altius Minerals from C$20.00 to C$18.50 and set a sector perform rating on the stock in a research report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$22.71.

Altius Minerals Trading Down 1.7 %

TSE ALS opened at C$21.05 on Monday. The firm’s 50-day moving average is C$19.46 and its two-hundred day moving average is C$19.13. The stock has a market capitalization of C$985.35 million, a P/E ratio of 105.25 and a beta of 0.93. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$22.40. The company has a debt-to-equity ratio of 18.38, a current ratio of 11.23 and a quick ratio of 6.49.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Monday, March 11th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The company had revenue of C$16.10 million for the quarter, compared to analyst estimates of C$18.85 million. Altius Minerals had a return on equity of 1.66% and a net margin of 13.83%. On average, sell-side analysts anticipate that Altius Minerals will post 0.3739763 earnings per share for the current year.

Altius Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. Altius Minerals’s dividend payout ratio (DPR) is presently 160.00%.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.