Altius Minerals (TSE:ALS) Sets New 12-Month High – Still a Buy?

Altius Minerals Co. (TSE:ALS) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$66.25 and last traded at C$66.25, with a volume of 20072 shares traded. The stock had previously closed at C$65.15.

Wall Street Analyst Weigh In

Several analysts have commented on ALS shares. BMO Capital Markets increased their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. TD set a C$60.00 price objective on shares of Altius Minerals and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Canaccord Genuity Group increased their target price on shares of Altius Minerals from C$60.00 to C$70.00 in a research report on Tuesday, August 11th. Scotiabank upgraded shares of Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. Finally, ATB Cormark Capital Markets upped their price target on Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Altius Minerals presently has a consensus rating of “Hold” and a consensus price target of C$63.62.

Altius Minerals Stock Up 2.8%

The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. The firm has a market cap of C$3.93 billion, a price-to-earnings ratio of 10.63 and a beta of 0.40. The business’s 50 day moving average price is C$60.95 and its 200 day moving average price is C$53.77.

Altius Minerals (TSE:ALS) last released its quarterly earnings results on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The firm had revenue of C$23.15 million for the quarter. On average, equities analysts forecast that Altius Minerals Co. will post 0.3509869 EPS for the current year.

About Altius Minerals

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.