Altius Minerals (TSE:ALS) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Altius Minerals Co. (TSE:ALS - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$26.95 and traded as high as C$27.95. Altius Minerals shares last traded at C$27.74, with a volume of 72,833 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALS. Canaccord Genuity Group raised their price target on Altius Minerals from C$33.00 to C$35.00 in a report on Monday, April 21st. TD Securities raised their target price on Altius Minerals from C$28.00 to C$31.00 in a research note on Wednesday, April 23rd.

Altius Minerals Stock Down 2.8%

The company has a market cap of C$1.25 billion, a P/E ratio of 91.28 and a beta of 0.94. 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 50 day moving average of C$26.95 and a 200-day moving average of C$26.42.

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.