Altius Minerals (TSE:ALS) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Altius Minerals Co. (TSE:ALS - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$26.14 and traded as low as C$23.90. Altius Minerals shares last traded at C$24.38, with a volume of 59,458 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Scotiabank raised Altius Minerals from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$27.00 to C$33.00 in a research report on Monday, December 23rd. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$33.00 to C$35.00 in a report on Monday. TD Securities reduced their target price on shares of Altius Minerals from C$32.00 to C$31.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Finally, BMO Capital Markets lifted their price target on shares of Altius Minerals from C$23.00 to C$24.00 in a research note on Thursday, January 30th.

Altius Minerals Trading Up 4.4 %

The company has a market cap of C$1.18 billion, a P/E ratio of 86.58 and a beta of 0.94. The business's 50-day moving average price is C$25.02 and its 200 day moving average price is C$26.11. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36.

About Altius Minerals

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.