Altius Minerals (TSE:ALS) Price Target Raised to C$52.00 at TD Securities

Key Points

• TD Securities raised its price target on Altius Minerals to C$52.00 (from C$39.00) and kept a Buy rating, implying roughly a 16.7% upside from the current price.
• Analyst views are mixed—two Buy and two Hold ratings—with a MarketBeat consensus target of C$37.58, well below TD's outlook.
• Insiders increased their holdings in late January (notably purchases by Mark Raguz and Flora Mackay Wood), bringing insider ownership to about 19%; the stock trades at a P/E of 5.82 and a market cap of C$2.06 billion.

Altius Minerals (TSE:ALS - Get Free Report) had its price objective increased by analysts at TD Securities from C$39.00 to C$52.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price objective would indicate a potential upside of 16.72% from the company's current price.

Other research analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of Altius Minerals from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from C$9.00 to C$9.50 in a research report on Tuesday, December 30th. National Bank Financial raised their price objective on Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. BMO Capital Markets lifted their price target on Altius Minerals from C$34.00 to C$35.00 in a research note on Wednesday, November 12th. Finally, Scotiabank downgraded Altius Minerals from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$37.58.

Altius Minerals Price Performance

ALS stock traded down C$1.71 during midday trading on Thursday, reaching C$44.55. The company had a trading volume of 157,138 shares, compared to its average volume of 159,778. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49. Altius Minerals has a 1-year low of C$22.27 and a 1-year high of C$49.73. The company has a market capitalization of C$2.06 billion, a price-to-earnings ratio of 5.82 and a beta of 0.33. The stock has a 50 day moving average price of C$45.12 and a 200-day moving average price of C$39.15.

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

Insider Buying and Selling at Altius Minerals

In related news, insider Mark Raguz acquired 1,160 shares of the company's stock in a transaction dated Friday, January 30th. The shares were purchased at an average price of C$43.01 per share, for a total transaction of C$49,891.60. Following the completion of the acquisition, the insider owned 20,253 shares of the company's stock, valued at approximately C$871,081.53. This trade represents a 6.08% increase in their ownership of the stock. Also, insider Flora Emily Mackay Wood acquired 1,000 shares of the business's stock in a transaction dated Friday, January 30th. The shares were bought at an average cost of C$43.15 per share, for a total transaction of C$43,150.00. Following the transaction, the insider directly owned 13,370 shares in the company, valued at approximately C$576,915.50. This represents a 8.08% increase in their ownership of the stock. Insiders own 19.00% of the company's stock.

Altius Minerals Company Profile

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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