Altius Minerals (TSE:ALS) PT Raised to C$23.00 at Scotiabank

Altius Minerals (TSE:ALS) had its target price boosted by Scotiabank from C$22.00 to C$23.00 in a report issued on Thursday, BayStreet.CA reports.

ALS has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on Altius Minerals from C$24.00 to C$24.50 and gave the company a buy rating in a research note on Monday, April 22nd. National Bankshares raised their price target on shares of Altius Minerals from C$25.00 to C$26.00 in a research report on Friday, May 10th. Cormark lifted their price target on shares of Altius Minerals from C$30.00 to C$32.00 in a research note on Friday, May 10th. Laurentian increased their price objective on shares of Altius Minerals from C$23.50 to C$23.75 in a research note on Thursday, May 9th. Finally, TD Securities raised their price objective on shares of Altius Minerals from C$25.00 to C$26.00 and gave the stock a buy rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$25.28.

Altius Minerals Price Performance

Shares of ALS stock opened at C$22.01 on Thursday. The firm has a fifty day simple moving average of C$21.41 and a 200-day simple moving average of C$19.47. The company has a market capitalization of C$1.02 billion, a PE ratio of 115.84 and a beta of 0.95. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$22.70. The company has a current ratio of 10.95, a quick ratio of 6.49 and a debt-to-equity ratio of 18.39.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.10 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.03. The firm had revenue of C$17.49 million for the quarter, compared to analyst estimates of C$17.55 million. Altius Minerals had a net margin of 15.28% and a return on equity of 1.50%. Equities research analysts anticipate that Altius Minerals will post 0.2895618 earnings per share for the current fiscal year.

Altius Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Altius Minerals’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, May 31st. Altius Minerals’s dividend payout ratio is 189.47%.

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.