Altius Minerals (TSE:ALS – Get Free Report) had its price objective raised by investment analysts at National Bank Financial from C$62.50 to C$70.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 7.35% from the company’s previous close.
A number of other brokerages have also issued reports on ALS. BMO Capital Markets lifted their target price on Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group raised their price objective on Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. TD lifted their price objective on Altius Minerals from C$55.00 to C$60.00 and gave the stock a “hold” rating in a report on Tuesday. Raymond James Financial upped their target price on Altius Minerals from C$64.00 to C$66.00 in a research report on Monday. Finally, ATB Cormark Capital Markets increased their target price on Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$61.75.
Check Out Our Latest Research Report on Altius Minerals
Altius Minerals Stock Up 5.4%
Altius Minerals (TSE:ALS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.11 earnings per share (EPS) for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. The company had revenue of C$22.17 million for the quarter. Sell-side analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Stephanie Hussey bought 1,700 shares of Altius Minerals stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the purchase, the insider directly owned 18,521 shares of the company’s stock, valued at approximately C$943,830.16. This trade represents a 10.11% increase in their position. Company 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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