Altius Minerals (TSE:ALS) Price Target Raised to C$26.00 at TD Securities

Altius Minerals (TSE:ALS) had its target price upped by TD Securities from C$25.00 to C$26.00 in a research note published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

ALS has been the topic of a number of other reports. Scotiabank cut their price objective on Altius Minerals from C$20.00 to C$18.50 and set a sector perform rating on the stock in a report on Tuesday, February 6th. National Bankshares reduced their price target on shares of Altius Minerals from C$24.00 to C$23.00 and set an outperform rating for the company in a research report on Monday, January 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$24.00 to C$24.50 and gave the company a buy rating in a research note on Monday, April 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Altius Minerals has a consensus rating of Moderate Buy and an average target price of C$23.14.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$22.05 on Tuesday. 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 company has a market cap of C$1.03 billion, a PE ratio of 110.25 and a beta of 0.93. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$22.40. The business’s fifty day simple moving average is C$20.51 and its 200-day simple moving average is C$19.18.

Altius Minerals (TSE:ALS) last released its quarterly earnings results on Monday, March 11th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. The business had revenue of C$16.10 million during the quarter, compared to analysts’ expectations of C$18.85 million. Analysts expect that Altius Minerals will post 0.3739763 earnings per share for the current fiscal year.

Altius Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, March 15th. Altius Minerals’s payout ratio is 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.