Altius Minerals Co. (TSE:ALS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$26.22.

A number of research analysts recently weighed in on ALS shares. Scotiabank raised their price target 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. Canaccord Genuity Group lifted their target price on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

Altius Minerals Stock Performance

Shares of ALS opened at C$26.20 on Monday. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$27.43. 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 stock has a 50 day moving average price of C$24.35 and a two-hundred day moving average price of C$22.46. The firm has a market capitalization of C$1.22 billion, a P/E ratio of 84.52 and a beta of 0.94.

Altius Minerals (TSE:ALS) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.09 EPS for the quarter, meeting analysts’ consensus estimates of C$0.09. The business had revenue of C$19.52 million during the quarter, compared to analyst estimates of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. Equities analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Altius Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.09 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.37%. Altius Minerals’s dividend payout ratio (DPR) is presently 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.