Altius Minerals Co. (TSE:ALS – Get Free Report) has been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$64.00.
ALS has been the topic of a number of recent research reports. TD set a C$60.00 target price on Altius Minerals and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Canaccord Genuity Group raised their price target on Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. National Bank Financial raised their price target on Altius Minerals from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Scotiabank upgraded Altius Minerals to a “hold” rating in a report on Thursday, July 23rd. Finally, ATB Cormark Capital Markets boosted their price target on Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th.
Check Out Our Latest Research Report on Altius Minerals
Altius Minerals Trading Down 2.2%
Altius Minerals stock opened at C$53.01 on Wednesday. The company’s fifty day simple moving average is C$60.60 and its 200-day simple moving average is C$55.43. The company has a quick ratio of 6.49, a current ratio of 13.49 and a debt-to-equity ratio of 6.47. Altius Minerals has a 12 month low of C$37.78 and a 12 month high of C$69.55. The stock has a market cap of C$3.11 billion, a P/E ratio of 8.41 and a beta of 0.23.
Altius Minerals (TSE:ALS – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%. The business had revenue of C$23.15 million during the quarter. As a group, sell-side analysts forecast that Altius Minerals will post 0.35 EPS 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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