Altius Minerals (TSE:ALS) Reaches New 52-Week High – Should You Buy?

Shares of Altius Minerals Co. (TSE:ALS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$38.76 and last traded at C$38.72, with a volume of 11016 shares traded. The stock had previously closed at C$38.21.

Wall Street Analyst Weigh In

ALS has been the subject of a number of research reports. Canaccord Genuity Group upped their price objective on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. National Bankshares upped their price objective on Altius Minerals from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. TD Securities increased their target price on Altius Minerals from C$34.00 to C$39.00 in a report on Tuesday, October 21st. Raymond James Financial increased their price objective on shares of Altius Minerals from C$36.00 to C$37.00 in a research note on Friday, October 10th. Finally, Scotiabank raised their price target on Altius Minerals from C$36.00 to C$37.00 in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Altius Minerals currently has an average rating of “Buy” and an average target price of C$35.50.

Altius Minerals Trading Up 2.0%

The firm has a market capitalization of C$1.80 billion, a PE ratio of 18.73 and a beta of 0.17. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The company’s 50-day simple moving average is C$33.60 and its 200 day simple moving average is C$29.79.

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.