Altius Minerals (TSE:ALS) Price Target Increased to C$19.25 by Analysts at Laurentian

Altius Minerals (TSE:ALS) had its price target upped by Laurentian from C$18.00 to C$19.25 in a report published on Tuesday, BayStreet.CA reports.

A number of other analysts have also recently commented on ALS. Laurentian Bank of Canada lifted their target price on shares of Altius Minerals from C$15.25 to C$17.75 in a research note on Tuesday, March 9th. Scotiabank boosted their price objective on Altius Minerals from C$16.00 to C$17.00 in a research report on Monday, March 29th. Raymond James raised their price target on shares of Altius Minerals from C$17.50 to C$18.00 and gave the company an outperform rating in a research note on Tuesday, April 6th. Finally, TD Securities upped their target price on shares of Altius Minerals from C$18.00 to C$19.00 and gave the stock a na rating in a report on Thursday, March 11th.

TSE ALS opened at C$15.93 on Tuesday. The stock has a market capitalization of C$660.74 million and a price-to-earnings ratio of -24.51. The company has a debt-to-equity ratio of 35.24, a current ratio of 1.13 and a quick ratio of 1.10. Altius Minerals has a 1-year low of C$7.73 and a 1-year high of C$17.46. The business’s fifty day moving average price is C$15.29 and its 200-day moving average price is C$13.58.

Altius Minerals (TSE:ALS) last announced its earnings results on Wednesday, March 10th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$21.96 million for the quarter, compared to the consensus estimate of C$13.80 million. Equities research analysts anticipate that Altius Minerals will post 0.51 EPS for the current year.

In other news, insider Altius Minerals Corporation purchased 19,700 shares of the stock in a transaction dated Monday, March 29th. The stock was acquired at an average cost of C$14.31 per share, for a total transaction of C$281,907.00. Following the acquisition, the insider now owns 39,400 shares of the company’s stock, valued at C$563,814.

Altius Minerals Company Profile

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada and Brazil. The company owns royalty and streaming interests in 14 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal. It is also involved in the acquisition and management of renewable energy investments and royalties, as well as early-stage royalties and minority equity or project interests.

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