Altius Minerals Co. Announces Quarterly Dividend of $0.09 (TSE:ALS)

Altius Minerals Co. (TSE:ALS) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.09 per share on Monday, December 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, November 29th.

Altius Minerals Stock Performance

TSE ALS opened at C$26.47 on Thursday. The firm has a market cap of C$1.23 billion, a P/E ratio of 85.39 and a beta of 0.94. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$27.43. The business’s 50-day moving average price is C$26.19 and its 200 day moving average price is C$23.63. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Scotiabank boosted their target price on Altius Minerals from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 8th. Canaccord Genuity Group lifted 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. Finally, National Bankshares boosted their price objective on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

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.