Altius Minerals Co. (TSE:ALS) Receives Average Rating of “Moderate Buy” from Brokerages

Altius Minerals Co. (TSE:ALS) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$25.34.

ALS has been the topic of several research analyst reports. Laurentian upped their price objective on shares of Altius Minerals from C$23.50 to C$23.75 in a research report on Thursday, May 9th. Cormark upped their price objective on shares of Altius Minerals from C$30.00 to C$32.00 in a research report on Friday, May 10th. Canaccord Genuity Group upped their price objective on shares of Altius Minerals from C$24.50 to C$25.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. National Bankshares upped their price objective on shares of Altius Minerals from C$25.00 to C$26.00 in a research report on Friday, May 10th. Finally, Scotiabank upped their target price on Altius Minerals from C$22.00 to C$23.00 in a research note on Thursday, May 30th.

Altius Minerals Trading Down 1.3 %

Shares of ALS opened at C$21.53 on Wednesday. The business’s 50-day moving average price is C$21.47 and its 200-day moving average price is C$20.40. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$22.70. The stock has a market cap of C$1.00 billion, a PE ratio of 113.32 and a beta of 0.95. The company has a quick ratio of 6.49, a current ratio of 10.95 and a debt-to-equity ratio of 18.39.

Altius Minerals (TSE:ALS) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.10 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.03. The company had revenue of C$17.49 million for the quarter, compared to analysts’ expectations of C$17.55 million. Altius Minerals had a net margin of 15.28% and a return on equity of 1.50%. On average, equities analysts forecast that Altius Minerals will post 0.2895618 EPS for the current fiscal year.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.