Altius Minerals (TSE:ALS) Stock Rating Upgraded by Scotiabank

Altius Minerals (TSE:ALS) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a C$33.00 price objective on the stock, up from their prior price objective of C$27.00. Scotiabank’s price objective would suggest a potential upside of 20.35% from the company’s previous close.

A number of other research analysts have also recently weighed in on ALS. Canaccord Genuity Group lifted their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, September 16th. National Bankshares upped their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th.

Altius Minerals Trading Up 1.9 %

Altius Minerals stock opened at C$27.42 on Monday. Altius Minerals has a one year low of C$16.11 and a one year high of C$27.50. The business’s fifty day moving average is C$26.21 and its 200 day moving average is C$24.16. The stock has a market capitalization of C$1.27 billion, a PE ratio of 88.45 and a beta of 0.94. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49.

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.