Altius Minerals (TSE:ALS) Given New C$75.00 Price Target at National Bank Financial

Altius Minerals (TSE:ALSGet Free Report) had its price target raised by equities research analysts at National Bank Financial from C$70.00 to C$75.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 19.27% from the stock’s previous close.

A number of other analysts have also recently weighed in on ALS. Raymond James Financial lifted their price objective on shares of Altius Minerals from C$64.00 to C$66.00 in a research report on Monday, July 13th. Scotiabank raised shares of Altius Minerals to a “hold” rating in a research report on Thursday, July 23rd. TD set a C$60.00 target price on shares of Altius Minerals and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday. Finally, BMO Capital Markets lifted their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Altius Minerals presently has a consensus rating of “Hold” and an average target price of C$63.62.

View Our Latest Research Report on Altius Minerals

Altius Minerals Stock Down 0.4%

ALS stock traded down C$0.27 during trading on Wednesday, reaching C$62.88. 66,451 shares of the company traded hands, compared to its average volume of 248,900. Altius Minerals has a 12 month low of C$28.63 and a 12 month high of C$66.05. The business has a 50 day simple moving average of C$59.90 and a 200 day simple moving average of C$52.67. The company has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 10.04 and a beta of 0.40. The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96.

Altius Minerals (TSE:ALSGet Free Report) last posted its earnings results on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$23.15 million for the quarter. Altius Minerals had a return on equity of 32.43% and a net margin of 543.91%. On average, equities research analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Altius Minerals news, insider Stephanie Hussey purchased 1,700 shares of the stock in a transaction on Wednesday, May 20th. The stock was acquired at an average price of C$50.96 per share, with a total value of C$86,632.00. Following the completion of the acquisition, the insider owned 18,521 shares in the company, valued at C$943,830.16. The trade was a 10.11% increase in their ownership of the stock. Corporate insiders own 19.00% of the company’s stock.

Altius Minerals Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Altius Minerals (TSE:ALS)

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