Altius Minerals (TSE:ALS) Sets New 12-Month High - Should You Buy?

Key Points

• Altius Minerals hit a new 52-week high of C$53.94 (last C$53.87), rising about 3.4% on volume of 11,639 shares.
• Analyst views are mixed—two Buy and three Hold ratings yield an average consensus of Hold with an average price target of C$48.36, though some firms raised targets up to C$57.50.
• Key fundamentals and insider activity: market cap C$2.94B, P/E 8.32, reported C$0.24 EPS with a stated net margin of 614.83% and ROE 41.51%, and insiders bought 5,600 shares recently while owning about 19% of the company.

Altius Minerals Co. (TSE:ALS - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$53.94 and last traded at C$53.87, with a volume of 11639 shares. The stock had previously closed at C$50.99.

Analyst Ratings Changes

Several equities research analysts have commented on ALS shares. Raymond James Financial boosted their price target on shares of Altius Minerals from C$48.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 22nd. National Bank Financial raised their target price on shares of Altius Minerals from C$55.00 to C$57.50 and gave the company an "outperform" rating in a report on Wednesday, April 15th. TD downgraded shares of Altius Minerals from a "buy" rating to a "hold" rating and boosted their price target for the stock from C$52.00 to C$54.00 in a research report on Friday, April 10th. Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$47.00 to C$51.00 in a research report on Monday, March 16th. Finally, TD Securities downgraded shares of Altius Minerals from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$48.36.

Altius Minerals Stock Up 3.4%

The firm has a market cap of C$2.94 billion, a P/E ratio of 8.32 and a beta of 0.36. The stock's 50 day simple moving average is C$48.22 and its 200 day simple moving average is C$43.65. The company has a debt-to-equity ratio of 9.98, a quick ratio of 6.49 and a current ratio of 15.11.

Altius Minerals (TSE:ALS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 EPS for the quarter. The business 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%. Research analysts anticipate that Altius Minerals Co. will post 0.3509869 EPS for the current year.

Insider Activity at Altius Minerals

In other news, Director Andr� Gaumond acquired 1,000 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was bought at an average cost of C$41.69 per share, for a total transaction of C$41,690.00. Following the completion of the transaction, the director owned 78,351 shares of the company's stock, valued at C$3,266,453.19. The trade was a 1.29% increase in their ownership of the stock. Also, insider Mark Raguz bought 1,000 shares of the company's stock in a transaction on Thursday, March 19th. The shares were bought at an average price of C$40.20 per share, with a total value of C$40,200.00. Following the completion of the transaction, the insider owned 21,253 shares of the company's stock, valued at C$854,370.60. The trade was a 4.94% increase in their ownership of the stock. Over the last 90 days, insiders purchased 5,600 shares of company stock worth $235,322. 19.00% of the stock is owned by company insiders.

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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