Altius Minerals (TSE:ALS) Shares Pass Above Fifty Day Moving Average After Insider Selling

Key Points

• Altius Minerals (TSE:ALS) shares surpassed their 50-day moving average after an insider purchase, with current trading at C$29.38 and a volume of 170,758 shares.
• Analysts have raised their price targets for Altius, with Canaccord Genuity increasing theirs from C$33.00 to C$35.00, and TD Securities adjusting theirs from C$32.00 to C$34.00.
• The company holds diverse mining royalty interests and operates in sectors producing metals such as copper, zinc, and gold, which contributes to a market capitalization of C$1.36 billion.

Altius Minerals Co. (TSE:ALS - Get Free Report) shares crossed above its 50 day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a 50 day moving average of C$27.50 and traded as high as C$29.46. Altius Minerals shares last traded at C$29.38, with a volume of 170,758 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ALS shares. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$33.00 to C$35.00 in a report on Monday, April 21st. TD Securities boosted their price target on shares of 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.

Altius Minerals Stock Performance

The firm has a market capitalization of C$1.39 billion, a price-to-earnings ratio of 101.88 and a beta of 0.94. The firm has a 50 day moving average price of C$27.67 and a 200-day moving average price of C$26.59. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49.

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.