Altius Minerals Co. (TSE:ALS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have received an average recommendation of “Moderate Buy” from the four ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$28.21.

Several brokerages have issued reports on ALS. Canaccord Genuity Group upped their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday, September 16th. National Bankshares raised their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Scotiabank boosted their target price on shares of Altius Minerals from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th.

Altius Minerals Stock Performance

Shares of Altius Minerals stock opened at C$25.26 on Friday. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.43. The firm’s 50-day simple moving average is C$25.97 and its 200-day simple moving average is C$23.33. The firm has a market cap of C$1.17 billion, a PE ratio of 81.48 and a beta of 0.94.

Altius Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.43%. Altius Minerals’s dividend payout ratio is currently 116.13%.

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.