Altius Minerals Co. (TSE:ALS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Altius Minerals Co. (TSE:ALS) have been given an average recommendation of “Moderate Buy” by the four research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$28.21.

ALS has been the topic of several research reports. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a report on Monday, September 16th. National Bankshares raised their target price on shares of 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, Scotiabank upped their price target on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th.

Altius Minerals Stock Performance

Altius Minerals stock opened at C$25.26 on Friday. The company has a market cap of C$1.17 billion, a price-to-earnings ratio of 81.48 and a beta of 0.94. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$27.43. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The stock’s 50-day moving average is C$25.97 and its 200-day moving average is C$23.33.

Altius Minerals Dividend Announcement

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 issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.43%. Altius Minerals’s dividend payout ratio is currently 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.