Altius Minerals (TSE:ALS) Hits New 12-Month High - Time to Buy?

Key Points

• Altius Minerals Co. (TSE:ALS) reached a new 52-week high of C$33.76 during trading, with a current price of C$33.56.
• Analysts have upgraded their price targets for Altius Minerals, with National Bankshares increasing their target from C$35.00 to C$36.00 and TD Securities raising theirs to C$34.00, both maintaining positive ratings.
• The company recently increased its dividend to $0.10 per share, resulting in an annualized yield of 1.2%, reflecting a commitment to returning value to shareholders.

Altius Minerals Co. (TSE:ALS - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$33.76 and last traded at C$33.56, with a volume of 24376 shares changing hands. The stock had previously closed at C$32.67.

Analyst Upgrades and Downgrades

ALS has been the topic of a number of research reports. National Bankshares raised their target price on shares of Altius Minerals from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. TD Securities raised their target price on shares of Altius Minerals from C$32.00 to C$34.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Altius Minerals has an average rating of "Buy" and an average price target of C$32.40.

Altius Minerals Stock Up 1.3%

The business's 50 day moving average is C$29.62 and its 200 day moving average is C$27.33. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 15.92 and a beta of 0.12. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36.

Altius Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.10 dividend. This is a boost from Altius Minerals's previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Altius Minerals's dividend payout ratio (DPR) is 17.31%.

Insider Buying and Selling

In related news, Senior Officer Mark Raguz bought 1,400 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average cost of C$28.41 per share, for a total transaction of C$39,778.20. Also, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of Altius Minerals stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of C$29.10, for a total transaction of C$88,289.40. 19.00% of the stock is owned by company insiders.

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.

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