Altius Minerals (TSE:ALS) Rating Lowered to Hold at TD Securities

Key Points

• TD Securities downgraded Altius Minerals (TSE:ALS) from a "strong-buy" to a "hold" rating, even as it raised its target price to C$54.00.
• The analyst consensus is an average "Hold" with a C$47.00 price target, while ALS trades around C$51.63 (market cap C$2.89B) and has a P/E of 8.14, indicating the stock is trading above analysts' average target.
• Insiders have been buying recently—7,760 shares were acquired in the last quarter—and insiders now own about 19% of the company.

Altius Minerals (TSE:ALS - Get Free Report) was downgraded by TD Securities from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

ALS has been the topic of several other reports. National Bank Financial upped their price objective on Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. Raymond James Financial boosted their target price on Altius Minerals from C$47.00 to C$48.00 and gave the stock an "outperform" rating in a report on Friday, March 13th. TD downgraded Altius Minerals from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$52.00 to C$54.00 in a report on Friday. Canaccord Genuity Group boosted their target price on Altius Minerals from C$47.00 to C$51.00 in a report on Monday, March 16th. Finally, Scotiabank raised Altius Minerals to a "hold" rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$47.00.

Altius Minerals Trading Up 0.2%

ALS stock opened at C$51.63 on Friday. Altius Minerals has a 1-year low of C$23.26 and a 1-year high of C$53.46. The firm has a market cap of C$2.89 billion, a P/E ratio of 8.14 and a beta of 0.30. The business's 50 day moving average is C$46.17 and its 200-day moving average is C$41.66. 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 released its quarterly earnings data 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 company had revenue of C$14.06 million for the quarter. Equities analysts anticipate that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Brian Dalton acquired 2,000 shares of Altius Minerals stock in a transaction on Tuesday, March 17th. The shares were purchased at an average price of C$43.66 per share, with a total value of C$87,320.00. Following the acquisition, the director owned 828,356 shares in the company, valued at C$36,166,022.96. This represents a 0.24% increase in their ownership of the stock. Also, insider Mark Raguz acquired 1,160 shares of Altius Minerals stock in a transaction on Friday, January 30th. The shares were purchased at an average cost of C$43.01 per share, for a total transaction of C$49,891.60. Following the acquisition, the insider owned 20,253 shares in the company, valued at approximately C$871,081.53. This represents a 6.08% increase in their position. Insiders acquired 7,760 shares of company stock valued at $328,364 over the last quarter. 19.00% of the stock is owned by insiders.

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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