Altius Minerals (TSE:ALS) Given New C$29.00 Price Target at Canaccord Genuity Group

Altius Minerals (TSE:ALS) had its price target lifted by Canaccord Genuity Group from C$25.00 to C$29.00 in a report published on Monday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Scotiabank raised their price target on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Monday, August 19th. One equities research 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.com, the stock has an average rating of Moderate Buy and a consensus price target of C$25.97.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$26.29 on Monday. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$27.43. 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 stock has a market cap of C$1.22 billion, a PE ratio of 84.81 and a beta of 0.93. The business has a 50-day simple moving average of C$22.79 and a 200-day simple moving average of C$21.73.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.09. The company had revenue of C$19.52 million during the quarter, compared to the consensus estimate of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. On average, equities analysts expect that Altius Minerals will post 0.479506 EPS for the current year.

Altius Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, August 30th. Altius Minerals’s payout ratio is presently 116.13%.

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.