Altius Minerals (TSE:ALS) Reaches New 1-Year High - Time to Buy?

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) shares reached a new 52-week high during mid-day trading on Tuesday . The stock 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.

Analyst Ratings Changes

ALS has been the subject of a number of recent research reports. TD Securities increased 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. Canaccord Genuity Group raised their price objective on shares of Altius Minerals from C$33.00 to C$35.00 in a research note on Monday, April 21st.

Altius Minerals Price Performance

The company's fifty day moving average is C$27.75 and its 200 day moving average is C$26.59. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The stock has a market cap of C$1.39 billion, a PE ratio of 102.05 and a beta of 0.94.

Insider Transactions at Altius Minerals

In other news, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of C$29.10, for a total transaction of C$88,289.40. Also, Senior Officer Mark Raguz bought 1,400 shares of the firm's stock in a transaction on Friday, July 25th. The stock was purchased at an average price of C$28.41 per share, with a total value of C$39,778.20. 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.