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Altius Minerals (TSE:ALS) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Altius Minerals logo with Basic Materials background

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$25.19 and traded as high as C$26.77. Altius Minerals shares last traded at C$26.52, with a volume of 42,122 shares trading hands.

Wall Street Analyst Weigh In

ALS has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of Altius Minerals from C$23.00 to C$24.00 in a report on Thursday, January 30th. Canaccord Genuity Group increased their target price on shares of Altius Minerals from C$33.00 to C$35.00 in a research report on Monday, April 21st. Finally, TD Securities increased their target price on shares of Altius Minerals from C$28.00 to C$31.00 in a research report on Wednesday, April 23rd.

Read Our Latest Research Report on Altius Minerals

Altius Minerals Stock Down 0.9%

The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The firm's 50 day simple moving average is C$25.30 and its two-hundred day simple moving average is C$26.16. The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of 89.96 and a beta of 0.94.

About Altius Minerals

(Get Free Report)

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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