Altius Minerals (TSE:ALS – Get Free Report) had its target price lifted by investment analysts at National Bank Financial from C$57.50 to C$62.50 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 10.85% from the company’s current price.
ALS has been the topic of several other reports. TD Securities lowered shares of Altius Minerals from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Scotiabank raised shares of Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday. TD downgraded shares of Altius Minerals from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$52.00 to C$54.00 in a research note on Friday, April 10th. Finally, Raymond James Financial boosted their price objective on shares of Altius Minerals from C$48.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Two investment 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 stock has a consensus rating of “Hold” and a consensus price target of C$52.36.
Read Our Latest Stock Analysis on ALS
Altius Minerals Trading Down 1.3%
Altius Minerals (TSE:ALS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$22.17 million for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. Analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current year.
Insider Activity
In other news, insider Mark Raguz acquired 1,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were bought at an average price of C$40.20 per share, for a total transaction of C$40,200.00. Following the completion of the purchase, the insider directly owned 21,253 shares of the company’s stock, valued at approximately C$854,370.60. This trade represents a 4.94% increase in their position. Also, Director Brian Dalton acquired 1,600 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were purchased at an average price of C$41.32 per share, for a total transaction of C$66,112.00. Following the purchase, the director directly owned 829,956 shares of the company’s stock, valued at approximately C$34,293,781.92. This trade represents a 0.19% increase in their ownership of the stock. Insiders have bought 5,600 shares of company stock worth $235,322 over the last 90 days. Company insiders own 19.00% of the company’s stock.
About Altius Minerals
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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