Altius Minerals Co. (TSE:ALS) Declares Quarterly Dividend of $0.10

Key Points

• Altius Minerals Co. has declared a quarterly dividend of $0.10 per share, an increase of 11.1% from the previous dividend of $0.09, with a yield of 1.3%.
• The company's stock price rose 0.4% to C$30.27, with a market capitalization of C$1.40 billion and a P/E ratio of 102.45.
• Equities analysts have increased their price targets for Altius Minerals, with Canaccord Genuity raising it from C$33.00 to C$35.00, while TD Securities increased theirs from C$32.00 to C$34.00.

Altius Minerals Co. (TSE:ALS - Get Free Report) declared a quarterly dividend on Monday, August 11th, RTT News reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.10 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.3%. This is a 11.1% increase from Altius Minerals's previous quarterly dividend of $0.09.

Altius Minerals Stock Up 0.4%

Shares of TSE:ALS traded up C$0.12 during trading on Monday, reaching C$30.27. The stock had a trading volume of 96,315 shares, compared to its average volume of 88,318. The firm's 50-day simple moving average is C$27.75 and its 200 day simple moving average is C$26.58. The company has a market capitalization of C$1.40 billion, a P/E ratio of 102.45 and a beta of 0.94. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. Altius Minerals has a one year low of C$21.57 and a one year high of C$30.51.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Altius Minerals from C$33.00 to C$35.00 in a research report on Monday, April 21st. TD Securities raised their price objective on shares of Altius Minerals from C$32.00 to C$34.00 and gave the company a "buy" rating in a research note on Monday, July 28th.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.

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