Altius Minerals (TSE:ALS) Issues Earnings Results

Altius Minerals (TSE:ALS) issued its quarterly earnings data on Tuesday. The company reported C$0.11 EPS for the quarter, FiscalAI reports. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The company had revenue of C$22.17 million during the quarter.

Altius Minerals Price Performance

Shares of Altius Minerals stock opened at C$56.55 on Thursday. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. The company has a market cap of C$3.15 billion, a PE ratio of 8.92 and a beta of 0.36. The business has a 50 day moving average of C$49.07 and a 200 day moving average of C$44.46. Altius Minerals has a 52 week low of C$25.92 and a 52 week high of C$57.24.

Wall Street Analyst Weigh In

ALS has been the subject of several recent analyst reports. National Bank Financial boosted their price objective on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets upped their target price on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Canaccord Genuity Group upped their target price on Altius Minerals from C$51.00 to C$60.00 in a report on Tuesday. Finally, Raymond James Financial upped their target price on Altius Minerals from C$48.00 to C$52.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$52.36.

Insider Buying and Selling

In related news, insider Mark Raguz bought 1,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of C$40.20 per share, with a total value of C$40,200.00. Following the completion of the purchase, the insider owned 21,253 shares in the company, valued at approximately C$854,370.60. The trade was a 4.94% increase in their position. Also, Director Andr� Gaumond bought 1,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was bought at an average cost of C$41.69 per share, for a total transaction of C$41,690.00. Following the completion of the purchase, the director owned 78,351 shares of the company’s stock, valued at approximately C$3,266,453.19. The trade was a 1.29% increase in their position. Insiders have bought a total of 5,600 shares of company stock valued at $235,322 over the last ninety days. Company insiders own 19.00% of the company’s stock.

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.