Insider Selling: Altius Minerals Co. (TSE:ALS) Senior Officer Sells 3,034 Shares of Stock

Key Points

• Senior Officer Benjamin Gerard Lewis of Altius Minerals sold 3,034 shares for a total of C$88,289.40 at an average price of C$29.10 on August 1st.
• Altius Minerals' stock recently traded up to C$29.38, with a market capitalization of C$1.36 billion and a price-to-earnings ratio of 99.44.
• Analysts have upgraded their target prices for Altius Minerals, with Canaccord Genuity raising it from C$33.00 to C$35.00 and TD Securities increasing their price objective from C$32.00 to C$34.00.

Altius Minerals Co. (TSE:ALS - Get Free Report) Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of C$29.10, for a total value of C$88,289.40.

Altius Minerals Price Performance

TSE ALS traded up C$0.18 during trading hours on Friday, hitting C$30.06. 21,539 shares of the company's stock traded hands, compared to its average volume of 87,857. The company has a market capitalization of C$1.39 billion, a PE ratio of 101.74 and a beta of 0.94. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49. Altius Minerals Co. has a 52-week low of C$21.57 and a 52-week high of C$30.31. The firm's 50-day moving average is C$27.67 and its 200-day moving average is C$26.59.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALS. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$33.00 to C$35.00 in a report on Monday, April 21st. TD Securities raised their price target on shares of Altius Minerals from C$32.00 to C$34.00 and gave the company a "buy" rating in a report on Monday, July 28th.

About Altius Minerals

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.