Analysts Set Altius Minerals Co. (TSE:ALS) Price Target at C$20.44

Shares of Altius Minerals Co. (TSE:ALS) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the firm, reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$20.44.

Several equities analysts have issued reports on ALS shares. Cormark boosted their price target on Altius Minerals from C$24.00 to C$25.00 and gave the company a “na” rating in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a C$20.00 target price on shares of Altius Minerals in a research report on Wednesday, June 16th. Canaccord Genuity reaffirmed a “hold” rating and set a C$21.00 target price (down from C$22.00) on shares of Altius Minerals in a research report on Friday, August 20th. Scotiabank increased their price target on Altius Minerals from C$17.00 to C$18.00 in a research report on Monday, July 12th. Finally, Raymond James reduced their price objective on Altius Minerals from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Wednesday.

ALS traded down C$0.42 during trading on Friday, hitting C$16.80. The company’s stock had a trading volume of 98,409 shares, compared to its average volume of 109,157. Altius Minerals has a twelve month low of C$10.45 and a twelve month high of C$19.39. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 22.67. The stock’s fifty day moving average price is C$16.26 and its 200-day moving average price is C$16.69. The firm has a market capitalization of C$695.69 million and a P/E ratio of -3,386.00.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Monday, August 9th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.16 by C$0.09. The business had revenue of C$21.91 million during the quarter, compared to analyst estimates of C$19.50 million. Equities research analysts expect that Altius Minerals will post 0.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.67%. This is a boost from Altius Minerals’s previous quarterly dividend of $0.05. Altius Minerals’s payout ratio is currently -4,000.00%.

Altius Minerals Company Profile

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada and Brazil. The company owns royalty and streaming interests in 14 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal. It is also involved in the acquisition and management of renewable energy investments and royalties, as well as early-stage royalties and minority equity or project interests.

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Analyst Recommendations for Altius Minerals (TSE:ALS)

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