Altius Minerals (TSE:ALS) Hits New 12-Month High at $23.60

Shares of Altius Minerals Co. (TSE:ALS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$23.60 and last traded at C$23.45, with a volume of 20095 shares traded. The stock had previously closed at C$23.40.

Analyst Upgrades and Downgrades

Several research firms have commented on ALS. Laurentian lifted their target price on shares of Altius Minerals from C$23.50 to C$23.75 in a research report on Thursday, May 9th. National Bankshares lifted their price target on Altius Minerals from C$25.00 to C$26.00 in a report on Friday, May 10th. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$24.50 to C$25.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Cormark raised their target price on Altius Minerals from C$30.00 to C$32.00 in a research report on Friday, May 10th. Finally, TD Securities boosted their price target 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$25.47.

Altius Minerals Trading Up 1.1 %

The company has a market cap of C$1.10 billion, a PE ratio of 75.48 and a beta of 0.93. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84. The firm has a fifty day moving average of C$21.61 and a two-hundred day moving average of C$20.81.

Altius Minerals (TSE:ALS) last announced 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 company had revenue of C$19.52 million for the quarter, compared to analysts’ expectations of C$19.10 million. Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. As a group, sell-side analysts predict that Altius Minerals Co. will post 0.3258271 EPS for the current year.

Altius Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, August 30th. Altius Minerals’s dividend payout ratio is presently 116.13%.

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.