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

Shares of Altius Minerals Co. (TSE:ALS) have earned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$52.36.

A number of research analysts recently weighed in on ALS shares. TD downgraded shares of Altius Minerals from a “buy” rating to a “hold” rating and increased their price objective for the company from C$52.00 to C$54.00 in a research report on Friday, April 10th. Raymond James Financial increased their price objective on shares of Altius Minerals from C$48.00 to C$52.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. National Bank Financial upped their target price on shares of Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a report on Wednesday. Finally, Canaccord Genuity Group increased their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday.

Insiders Place Their Bets

In other Altius Minerals news, Director Brian Dalton purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were acquired at an average cost of C$43.66 per share, for a total transaction of C$87,320.00. Following the completion of the transaction, the director owned 828,356 shares of the company’s stock, valued at approximately C$36,166,022.96. The trade was a 0.24% increase in their ownership of the stock. Also, Director Andr� Gaumond purchased 1,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of C$41.69 per share, for a total transaction of C$41,690.00. Following the completion of the transaction, the director directly owned 78,351 shares of the company’s stock, valued at approximately C$3,266,453.19. This trade represents a 1.29% increase in their position. Over the last ninety days, insiders have acquired 5,600 shares of company stock worth $235,322. Company insiders own 19.00% of the company’s stock.

Altius Minerals Stock Performance

Altius Minerals stock traded down C$0.54 during midday trading on Wednesday, reaching C$56.59. 238,169 shares of the company traded hands, compared to its average volume of 190,028. The firm has a market capitalization of C$3.15 billion, a price-to-earnings ratio of 8.93 and a beta of 0.36. The business has a 50 day moving average of C$48.92 and a two-hundred day moving average of C$44.31. Altius Minerals has a 12 month low of C$25.92 and a 12 month high of C$57.24. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 earnings per share for the quarter. The company had revenue of C$22.17 million for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. As a group, research analysts predict that Altius Minerals will post 0.3509869 earnings per share for the current year.

Altius Minerals Company Profile

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.