Brokerages Set Altius Minerals Co. (TSE:ALS) Target Price at C$26.22

Altius Minerals Co. (TSE:ALS) has earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One 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 brokers that have issued a report on the stock in the last year is C$27.03.

A number of analysts have recently weighed in on the stock. Scotiabank boosted their target price on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Canaccord Genuity Group raised their price target on 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. Finally, National Bankshares raised their price target on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Tuesday.

Altius Minerals Stock Performance

Shares of TSE ALS opened at C$27.24 on Monday. The firm has a fifty day moving average price of C$24.85 and a 200-day moving average price of C$22.66. 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 has a market cap of C$1.27 billion, a PE ratio of 87.87 and a beta of 0.94. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.43.

Altius Minerals (TSE:ALS) last posted its earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share for the quarter, meeting the consensus estimate of C$0.09. The company had revenue of C$19.52 million during 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%. Equities analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Altius Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, August 30th. Altius Minerals’s dividend payout ratio is currently 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.