Analysts Set Altius Minerals Co. (TSE:ALS) Price Target at C$27.75

Altius Minerals Co. (TSE:ALS) has been given an average rating of “Moderate Buy” by the four brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$28.21.

A number of research analysts have recently commented on the stock. Scotiabank upped their price objective on shares of Altius Minerals from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. National Bankshares upped their target price on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group lifted their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research note on Monday, September 16th.

Altius Minerals Trading Down 3.4 %

Shares of ALS stock opened at C$24.74 on Friday. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.43. The firm’s fifty day simple moving average is C$25.95 and its 200 day simple moving average is C$23.32. The firm has a market capitalization of C$1.15 billion, a P/E ratio of 79.81 and a beta of 0.94.

Altius Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 1.46%. Altius Minerals’s dividend payout ratio is 116.13%.

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.