Altius Minerals (TSE:ALS) Rating Increased to Outperform at Scotiabank

Altius Minerals (TSE:ALS) was upgraded by research analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a C$33.00 price target on the stock, up from their prior price target of C$27.00. Scotiabank’s price target would indicate a potential upside of 22.95% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, September 16th. National Bankshares increased their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th.

Altius Minerals Trading Up 3.3 %

Shares of ALS traded up C$0.86 during trading hours on Monday, reaching C$26.84. 32,464 shares of the company traded hands, compared to its average volume of 74,236. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$27.43. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 86.58 and a beta of 0.94. The company’s fifty day moving average price is C$26.20 and its two-hundred day moving average price is C$24.13. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84.

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.