Altius Minerals (TSE:ALS) Price Target Raised to C$29.00

Altius Minerals (TSE:ALS) had its price target boosted by equities researchers at Canaccord Genuity Group from C$25.00 to C$29.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 11.67% from the stock’s current price.

Separately, Scotiabank upped their price objective on shares of Altius Minerals from C$23.00 to C$24.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$25.97.

Altius Minerals Price Performance

TSE:ALS traded down C$0.82 during trading hours on Monday, reaching C$25.97. 50,320 shares of the company’s stock were exchanged, compared to its average volume of 69,997. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. The company has a market capitalization of C$1.21 billion, a P/E ratio of 83.77 and a beta of 0.93. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$27.43. The business’s 50-day simple moving average is C$22.47 and its two-hundred day simple moving average is C$21.59.

Altius Minerals (TSE:ALS) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 earnings per share for the quarter, hitting the consensus estimate of C$0.09. The business had revenue of C$19.52 million during the quarter, compared to analyst estimates of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. Sell-side analysts expect that Altius Minerals will post 0.479506 EPS for the current fiscal year.

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.