Altius Minerals (TSE:ALS) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of Altius Minerals Co. (TSE:ALS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.15 and traded as low as C$24.51. Altius Minerals shares last traded at C$24.67, with a volume of 344,887 shares traded.

Wall Street Analysts Forecast Growth

ALS has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Altius Minerals from C$23.00 to C$24.00 in a research report on Thursday, January 30th. Scotiabank raised Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$27.00 to C$33.00 in a research report on Monday, December 23rd.

Altius Minerals Price Performance

The firm has a market capitalization of C$1.14 billion, a P/E ratio of 83.50 and a beta of 0.94. The business has a 50-day moving average of C$27.16 and a 200 day moving average of C$26.17. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.