Altius Minerals Co. (TSE:ALS – Get Free Report) has been assigned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$52.36.
ALS has been the topic of several research analyst reports. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. TD downgraded Altius Minerals from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$52.00 to C$54.00 in a research report on Friday, April 10th. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$51.00 to C$60.00 in a research report on Tuesday. Scotiabank upgraded Altius Minerals to a “hold” rating in a research report on Thursday, March 12th. Finally, National Bank Financial boosted their price objective on Altius Minerals from C$57.50 to C$62.50 and gave the company an “outperform” rating in a research report on Wednesday.
Check Out Our Latest Analysis on ALS
Altius Minerals Price Performance
Altius Minerals (TSE:ALS – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported C$0.11 earnings per share for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The company had revenue of C$22.17 million during the quarter. As a group, research analysts anticipate that Altius Minerals will post 0.3509869 EPS for the current fiscal year.
Insider Activity
In related news, Director Brian Dalton purchased 2,000 shares of Altius Minerals stock in a transaction on Tuesday, March 17th. The shares were bought at an average cost of C$43.66 per share, for a total transaction of C$87,320.00. Following the acquisition, the director owned 828,356 shares in the company, valued at approximately C$36,166,022.96. The trade was a 0.24% increase in their position. Also, insider Mark Raguz purchased 1,000 shares of Altius Minerals stock in a transaction on Thursday, March 19th. The stock was 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 acquisition, the insider owned 21,253 shares in the company, valued at C$854,370.60. The trade was a 4.94% increase in their position. Insiders have acquired 5,600 shares of company stock worth $235,322 over the last ninety days. Corporate insiders own 19.00% of the company’s stock.
Altius Minerals Company Profile
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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