TD Securities Cuts Altius Minerals (TSE:ALS) Price Target to C$31.00

Altius Minerals (TSE:ALS) had its target price cut by TD Securities from C$32.00 to C$31.00 in a report issued on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on ALS. Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd. BMO Capital Markets upped their price objective on Altius Minerals from C$23.00 to C$24.00 in a report on Thursday, January 30th.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$25.12 on Thursday. Altius Minerals has a twelve month low of C$20.02 and a twelve month high of C$29.03. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The company has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 85.02 and a beta of 0.94. The business has a 50 day simple moving average of C$26.85 and a 200-day simple moving average of C$26.28.

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.