Altius Minerals (TSE:ALS) Price Target Raised to C$37.00

Key Points

• Altius Minerals has seen its price target increased from C$36.00 to C$37.00 by Raymond James Financial, indicating a potential upside of 14.48% from its current trading price.
• Other analysts have also raised their targets, with TD Securities increasing their price estimate to C$34.00 and National Bankshares to C$36.00, reflecting a generally positive outlook for the stock.
• The stock recently traded down by 0.8% to C$32.32, with an average trading volume of 98,678 shares, compared to the usual 85,734 shares.

Altius Minerals (TSE:ALS - Get Free Report) had its price target boosted by investment analysts at Raymond James Financial from C$36.00 to C$37.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Raymond James Financial's price target would suggest a potential upside of 14.48% from the stock's current price.

ALS has been the topic of a number of other reports. TD Securities increased 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 research report on Monday, July 28th. National Bankshares boosted their price target on Altius Minerals from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Altius Minerals currently has a consensus rating of "Buy" and an average price target of C$33.17.

Altius Minerals Stock Down 0.8%

ALS traded down C$0.25 on Friday, reaching C$32.32. 98,678 shares of the company traded hands, compared to its average volume of 85,734. The stock's 50 day moving average price is C$30.84 and its 200-day moving average price is C$28.00. 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 has a 52-week low of C$22.27 and a 52-week high of C$34.30. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 15.54 and a beta of 0.26.

Insider Activity

In other news, Senior Officer Mark Raguz purchased 1,400 shares of the firm's stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of C$28.41 per share, with a total value of C$39,778.20. Also, 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. 19.00% of the stock is owned by corporate 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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