Altius Minerals (TSE:ALS) Price Target Raised to C$24.50 at Canaccord Genuity Group

Altius Minerals (TSE:ALS) had its target price raised by equities researchers at Canaccord Genuity Group from C$24.00 to C$24.50 in a research report issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 16.72% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. TD Securities raised Altius Minerals from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$22.00 to C$23.00 in a research report on Tuesday, March 12th. Scotiabank reduced their price objective on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 6th. Finally, National Bankshares reduced their price objective on Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$22.71.

Altius Minerals Stock Down 0.3 %

Shares of TSE ALS opened at C$20.99 on Monday. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38. The stock has a market capitalization of C$982.54 million, a PE ratio of 104.95 and a beta of 0.93. The stock’s fifty day simple moving average is C$19.55 and its two-hundred day simple moving average is C$19.13. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$22.40.

Altius Minerals (TSE:ALS) last announced its earnings results on Monday, March 11th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The company had revenue of C$16.10 million for the quarter, compared to the consensus estimate of C$18.85 million. Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. As a group, analysts expect that Altius Minerals will post 0.3739763 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.