Altius Minerals Co. (TSE:ALS – Get Free Report) has been given an average rating of “Hold” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$63.62.
A number of equities research analysts have recently weighed in on ALS shares. Scotiabank raised Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. Canaccord Genuity Group raised their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. ATB Cormark Capital Markets boosted their price target on shares of Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Raymond James Financial increased their target price on shares of Altius Minerals from C$64.00 to C$66.00 in a research report on Monday, July 13th. Finally, National Bank Financial lifted their price target on shares of Altius Minerals from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th.
Check Out Our Latest Analysis on ALS
Altius Minerals Trading Up 1.3%
Altius Minerals (TSE:ALS – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported C$0.14 EPS for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The firm had revenue of C$23.15 million during the quarter. On average, analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.
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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