Altius Minerals (TSE:ALS) Director Brian Dalton Acquires 2,000 Shares of Stock

Key Points

• Director Brian Dalton purchased 2,000 shares of Altius Minerals on March 17 at C$43.66 each (C$87,320), increasing his direct holdings to 828,356 shares (a 0.24% bump).
• ALS recently traded at C$41.53, with a market capitalization of C$2.32 billion, a P/E of 6.55, and a 12‑month trading range of C$22.27–C$49.73.
• Several brokerages have lifted price targets and ratings, resulting in a consensus of "Moderate Buy" and an average price target of C$45.83.

Altius Minerals Co. (TSE:ALS - Get Free Report) Director Brian Dalton purchased 2,000 shares of Altius Minerals stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average cost of C$43.66 per share, with a total value of C$87,320.00. Following the acquisition, the director directly owned 828,356 shares in the company, valued at C$36,166,022.96. This trade represents a 0.24% increase in their position.

Altius Minerals Price Performance

ALS traded down C$1.68 during trading on Thursday, hitting C$41.53. The company's stock had a trading volume of 156,289 shares, compared to its average volume of 199,259. The firm has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 6.55 and a beta of 0.33. Altius Minerals Co. has a twelve month low of C$22.27 and a twelve month high of C$49.73. The business's fifty day simple moving average is C$45.26 and its 200 day simple moving average is C$39.66. The company has a current ratio of 15.11, a quick ratio of 6.49 and a debt-to-equity ratio of 9.98.

Altius Minerals (TSE:ALS - Get Free Report) last announced its earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The business had revenue of C$14.06 million during the quarter. On average, equities research analysts forecast that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALS. Raymond James Financial lifted their target price on shares of Altius Minerals from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research report on Friday, March 13th. Scotiabank raised shares of Altius Minerals to a "hold" rating in a research note on Thursday, March 12th. TD Securities boosted their price objective on Altius Minerals from C$39.00 to C$52.00 and gave the stock a "buy" rating in a research note on Thursday, March 12th. National Bank Financial increased their target price on Altius Minerals from C$45.50 to C$52.00 in a report on Thursday, January 29th. Finally, Canaccord Genuity Group lifted their price target on Altius Minerals from C$47.00 to C$51.00 in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Altius Minerals currently has an average rating of "Moderate Buy" and a consensus price target of C$45.83.

About Altius Minerals

Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.

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