Altius Minerals (TSE:ALS) Price Target Raised to C$69.00

Altius Minerals (TSE:ALS – Free Report) had its price objective hoisted by Raymond James Financial from C$66.00 to C$69.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also commented on the company. Canaccord Genuity Group increased their price objective on Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday, August 11th. BMO Capital Markets increased their price target on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. ATB Cormark Capital Markets raised their price target on Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Scotiabank upgraded Altius Minerals to a “hold” rating in a research note on Thursday, July 23rd. Finally, TD set a C$60.00 price objective on shares of Altius Minerals and gave the company a “hold” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$64.00.

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Altius Minerals Stock Performance

ALS stock opened at C$65.87 on Thursday. The stock’s 50 day simple moving average is C$61.47 and its 200 day simple moving average is C$54.36. The stock has a market capitalization of C$3.87 billion, a PE ratio of 10.46 and a beta of 0.40. The company has a current ratio of 13.49, a quick ratio of 6.49 and a debt-to-equity ratio of 6.47. Altius Minerals has a 12-month low of C$29.07 and a 12-month high of C$68.26.

Altius Minerals (TSE:ALS – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The company had revenue of C$23.15 million for the quarter. As a group, research analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

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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