Altius Minerals (TSE:ALS) Shares Cross 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 changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on ALS shares. Canaccord Genuity Group upped their target price on Altius Minerals from C$33.00 to C$35.00 in a report on Monday, April 21st. TD Securities lifted their price target on 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.

Altius Minerals Price Performance

The company has a 50 day moving average of C$27.50 and a 200 day moving average of C$26.54. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 99.44 and a beta of 0.94.

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.

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