Altius Minerals (TSE:ALS) Hits New 12-Month High at $22.50

Altius Minerals Co. (TSE:ALS)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$22.50 and last traded at C$22.22, with a volume of 35616 shares trading hands. The stock had previously closed at C$22.42.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALS. National Bankshares boosted their price objective on Altius Minerals from C$25.00 to C$26.00 in a research report on Friday, May 10th. Cormark increased their target price on shares of Altius Minerals from C$30.00 to C$32.00 in a research report on Friday, May 10th. Canaccord Genuity Group lifted their target price on Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a research report on Monday, April 22nd. TD Securities raised 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 research note on Tuesday, May 7th. Finally, Laurentian lifted their target price on shares of Altius Minerals from C$23.50 to C$23.75 in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Altius Minerals has an average rating of “Moderate Buy” and an average target price of C$24.72.

Altius Minerals Price Performance

The stock has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 108.45 and a beta of 0.95. The business’s fifty day moving average price is C$21.22 and its 200-day moving average price is C$19.33. The company has a debt-to-equity ratio of 18.38, a current ratio of 11.23 and a quick ratio of 6.49.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.03. Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. The business had revenue of C$17.49 million for the quarter, compared to analyst estimates of C$17.55 million. On average, research analysts forecast that Altius Minerals Co. will post 0.2847114 EPS for the current year.

Altius Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, May 31st. This represents a $0.36 annualized dividend and a yield of 1.66%. This is a boost from Altius Minerals’s previous quarterly dividend of $0.08. Altius Minerals’s payout ratio is currently 160.00%.

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.