Altius Minerals (TSE:ALS) Price Target Raised to C$24.00

Altius Minerals (TSE:ALS) had its price target upped by investment analysts at BMO Capital Markets from C$23.00 to C$24.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential downside of 11.86% from the stock’s current price.

Several other research firms also recently weighed in on ALS. National Bankshares raised their price target on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Scotiabank raised shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$27.00 to C$33.00 in a research note on Monday, December 23rd.

Altius Minerals Price Performance

Altius Minerals stock traded down C$0.03 during trading on Thursday, reaching C$27.23. The company had a trading volume of 21,758 shares, compared to its average volume of 77,003. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The firm’s 50-day simple moving average is C$26.91 and its 200 day simple moving average is C$25.31. The firm has a market capitalization of C$1.27 billion, a PE ratio of 87.84 and a beta of 0.94. Altius Minerals has a 1-year low of C$16.11 and a 1-year high of C$29.03.

Altius Minerals (TSE:ALS) last released its earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.02). Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. As a group, equities research analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Altius Minerals Company Profile

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.