Altius Minerals (TSE:ALS) Releases Earnings Results

Altius Minerals (TSE:ALS – Get Free Report) posted its quarterly earnings data on Monday. The company reported C$0.14 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$23.15 million during the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%.

Altius Minerals Price Performance

TSE:ALS traded down C$0.83 during mid-day trading on Monday, hitting C$62.34. The company’s stock had a trading volume of 175,987 shares, compared to its average volume of 250,106. The company has a market capitalization of C$3.66 billion, a price-to-earnings ratio of 9.96 and a beta of 0.40. The company has a current ratio of 9.96, a quick ratio of 6.49 and a debt-to-equity ratio of 6.56. Altius Minerals has a fifty-two week low of C$28.63 and a fifty-two week high of C$66.05. The stock has a fifty day moving average of C$59.78 and a 200-day moving average of C$52.44.

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Insiders Place Their Bets

In related news, insider Stephanie Hussey acquired 1,700 shares of the stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of C$50.96 per share, for a total transaction of C$86,632.00. Following the purchase, the insider owned 18,521 shares in the company, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their position. Insiders own 19.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALS. Canaccord Genuity Group upped their target price on shares of Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. Raymond James Financial increased their target price on shares of Altius Minerals from C$64.00 to C$66.00 in a research note on Monday, July 13th. TD set a C$60.00 price objective on Altius Minerals and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. National Bank Financial upped their target price on Altius Minerals from C$62.50 to C$70.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Finally, Scotiabank raised Altius Minerals to a “hold” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$61.75.

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Altius Minerals Company Profile

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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.

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