Altius Minerals (TSE:ALS) Price Target Raised to C$39.00 at TD Securities

Altius Minerals (TSE:ALS) had its price target raised by TD Securities from C$34.00 to C$39.00 in a research note released on Tuesday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. National Bankshares lifted their target price on shares of Altius Minerals from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Canaccord Genuity Group lifted their price target on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. Finally, Raymond James Financial lifted their price target on Altius Minerals from C$36.00 to C$37.00 in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$34.83.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$34.89 on Tuesday. The firm has a market cap of C$1.61 billion, a PE ratio of 16.77 and a beta of 0.26. The firm has a fifty day moving average of C$31.54 and a 200 day moving average of C$28.53. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36. Altius Minerals has a one year low of C$22.27 and a one year high of C$35.88.

Altius Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.10 dividend. This is a positive change from Altius Minerals’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 1.1%. Altius Minerals’s payout ratio is 17.31%.

Insider Activity

In related news, Senior Officer Mark Raguz acquired 1,400 shares of Altius Minerals stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of C$28.41 per share, for a total transaction of C$39,778.20. Also, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of C$29.10, for a total transaction of C$88,289.40. 19.00% of the stock is currently owned by insiders.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.