Altius Minerals Co. (TSE:ALS) Receives C$22.64 Consensus Target Price from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$22.71.

Several research firms have recently commented on ALS. TD Securities upgraded Altius Minerals from a “hold” rating to a “buy” rating and upped their price target for the stock from C$22.00 to C$23.00 in a research note on Tuesday, March 12th. Canaccord Genuity Group raised their target price on Altius Minerals from C$24.00 to C$24.50 and gave the company a “buy” rating in a report on Monday. National Bankshares reduced their target price on Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Monday, January 8th. Finally, Scotiabank reduced their target price on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a report on Tuesday, February 6th.

Altius Minerals Price Performance

Altius Minerals stock opened at C$20.97 on Monday. 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. The business has a 50 day simple moving average of C$19.64 and a 200-day simple moving average of C$19.14. The stock has a market capitalization of C$981.61 million, a PE ratio of 104.85 and a beta of 0.93.

Altius Minerals (TSE:ALS) last released its quarterly earnings results on Monday, March 11th. The company reported C$0.06 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Altius Minerals had a return on equity of 1.66% and a net margin of 13.83%. The company had revenue of C$16.10 million for the quarter, compared to analysts’ expectations of C$18.85 million. Equities analysts predict that Altius Minerals will post 0.3739763 earnings per share for the current year.

Altius Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, March 15th. Altius Minerals’s dividend payout ratio is currently 160.00%.

Altius Minerals Company Profile

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.