Altius Minerals Co. (TSE:ALS) Receives C$25.97 Average Target Price from Brokerages

Shares of Altius Minerals Co. (TSE:ALS) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$25.97.

A number of equities research analysts have recently weighed in on ALS shares. Canaccord Genuity Group boosted their price objective on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Scotiabank upped their price target on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Monday, August 19th.

Altius Minerals Stock Down 0.9 %

ALS opened at C$25.93 on Thursday. The business’s fifty day simple moving average is C$22.98 and its 200 day simple moving average is C$21.84. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$27.43. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. The stock has a market cap of C$1.20 billion, a PE ratio of 83.65 and a beta of 0.93.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.09. The company had revenue of C$19.52 million for the quarter, compared to analysts’ expectations of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. As a group, research analysts expect that Altius Minerals will post 0.479506 earnings per share for the current fiscal year.

Altius Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, August 30th. Altius Minerals’s payout ratio is 116.13%.

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.