Altius Minerals Co. (ALS.TO) – What Are Researchers Thinking About This Stock?

Shares of Altius Minerals Co. (TSE:ALS) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat reports. Four 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 issued a report on the stock in the last year is C$64.00.

Several equities research analysts have issued reports on ALS shares. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. Raymond James Financial increased their price objective on shares of Altius Minerals from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Scotiabank upgraded Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. National Bank Financial lifted their target price on Altius Minerals from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, TD set a C$60.00 target price on Altius Minerals and gave the company a “hold” rating in a research report on Wednesday, July 22nd.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$49.64 on Wednesday. The company’s fifty day simple moving average is C$62.00 and its 200-day simple moving average is C$55.27. The company has a quick ratio of 6.49, a current ratio of 13.49 and a debt-to-equity ratio of 6.47. The firm has a market cap of C$2.92 billion, a PE ratio of 7.88 and a beta of 0.47. Altius Minerals has a 12 month low of C$37.01 and a 12 month high of C$69.55.

Altius Minerals (TSE:ALS) last announced its earnings results on Monday, August 10th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$23.15 million during the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. Equities research analysts expect that Altius Minerals will post 0.35 EPS for the current fiscal 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.