Altius Minerals (TSE:ALS) Reaches New 12-Month High - Here's What Happened

Key Points

• Altius Minerals reached a new 52-week high, trading at C$29.79, with a total trading volume of 17,739 shares.
• Wall Street analysts have raised their price targets for Altius Minerals, with TD Securities increasing it to C$34.00 and Canaccord Genuity to C$35.00, both maintaining a "buy" rating.
• Insider activity shows that Senior Officer Mark Raguz purchased 1,400 shares for C$28.41 each, while Senior Officer Benjamin Gerard Lewis sold 3,034 shares at an average of C$29.10.

Altius Minerals Co. (TSE:ALS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$29.79 and last traded at C$29.74, with a volume of 17739 shares trading hands. The stock had previously closed at C$29.38.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALS. TD Securities upped their price target on Altius Minerals from C$32.00 to C$34.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Canaccord Genuity Group increased their target price on Altius Minerals from C$33.00 to C$35.00 in a research note on Monday, April 21st.

Altius Minerals Stock Performance

The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49. The company has a market cap of C$1.36 billion, a P/E ratio of 99.71 and a beta of 0.94. The business has a 50-day moving average of C$27.50 and a two-hundred day moving average of C$26.54.

Insider Activity

In other Altius Minerals news, Senior Officer Mark Raguz acquired 1,400 shares of the company's stock in a transaction on Friday, July 25th. The shares were bought 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 firm's stock in a transaction that occurred 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. Company insiders own 19.00% of the company's stock.

Altius Minerals Company Profile

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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