Altius Minerals Co. (TSE:ALS) Receives C$25.97 Average PT from Analysts

Shares of Altius Minerals Co. (TSE:ALS) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$25.97.

A number of analysts have recently issued reports 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 report on Monday, September 16th. Scotiabank increased their price objective on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Monday, August 19th.

Altius Minerals Stock Performance

ALS stock opened at C$26.33 on Thursday. The stock’s 50 day simple moving average is C$23.09 and its 200 day simple moving average is C$21.91. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$27.43. The stock has a market capitalization of C$1.22 billion, a PE ratio of 84.94 and a beta of 0.93.

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. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. The firm had revenue of C$19.52 million for the quarter, compared to the consensus estimate of C$19.10 million. As a group, research analysts forecast that Altius Minerals will post 0.479506 earnings per share for the current fiscal year.

Altius Minerals Announces Dividend

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

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.