Altius Minerals Co. (TSE:ALS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Altius Minerals Co. (TSE:ALSGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$24.72.

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a report on Monday, April 22nd. TD Securities upped their price objective on shares of Altius Minerals from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Cormark upped their price objective on shares of Altius Minerals from C$30.00 to C$32.00 in a report on Friday, May 10th. Scotiabank decreased their price objective on shares of Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating on the stock in a report on Tuesday, February 6th. Finally, Laurentian upped their price objective on shares of Altius Minerals from C$23.50 to C$23.75 in a report on Thursday, May 9th.

Check Out Our Latest Report on ALS

Altius Minerals Price Performance

Shares of ALS opened at C$22.61 on Friday. The company has a market cap of C$1.05 billion, a price-to-earnings ratio of 113.05 and a beta of 0.95. Altius Minerals has a 1-year low of C$16.11 and a 1-year high of C$22.70. The company’s fifty day simple moving average is C$21.18 and its 200 day simple moving average is C$19.31. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38.

Altius Minerals (TSE:ALSGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported C$0.10 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.03. The business had revenue of C$17.49 million for the quarter, compared to the consensus estimate of C$17.55 million. Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. On average, research analysts forecast that Altius Minerals will post 0.2847114 earnings per share for the current fiscal year.

Altius Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Altius Minerals’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.59%. Altius Minerals’s dividend payout ratio is 160.00%.

Altius Minerals Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Altius Minerals (TSE:ALS)

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