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

Key Points

• Technical breakout: Altius' stock crossed above its 50‑day moving average (C$45.13) on Thursday, trading as high as C$45.95 and last at C$44.99 on volume of 234,269 shares.
• Analyst sentiment: Several firms raised price targets (TD, National Bank, Canaccord, Raymond James), leaving a consensus rating of Moderate Buy and an average target of C$45.83 (three Buys, one Hold).
• Fundamentals and insider activity: The company shows strong profitability (net margin 614.83%, ROE 41.51%), a low P/E of 7.10, and recent insider purchases with insiders now owning 19% of the stock.

Altius Minerals Co. (TSE:ALS - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$45.13 and traded as high as C$45.95. Altius Minerals shares last traded at C$44.99, with a volume of 234,269 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALS shares. TD Securities increased their price target on Altius Minerals from C$39.00 to C$52.00 and gave the stock a "buy" rating in a research report on Thursday, March 12th. National Bank Financial lifted their price objective on Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Scotiabank upgraded Altius Minerals to a "hold" rating in a report on Thursday, March 12th. Finally, Raymond James Financial raised their target price on Altius Minerals from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research note on Friday, March 13th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$45.83.

Altius Minerals Price Performance

The stock's 50-day moving average price is C$45.13 and its 200-day moving average price is C$40.16. The company has a market capitalization of C$2.52 billion, a price-to-earnings ratio of 7.10 and a beta of 0.33. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98.

Altius Minerals (TSE:ALS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The business had revenue of C$14.06 million during the quarter. Equities research analysts anticipate that Altius Minerals Co. will post 0.3509869 earnings per share for the current year.

Insider Buying and Selling at Altius Minerals

In other news, insider Mark Raguz acquired 1,160 shares of the firm's stock in a transaction on Friday, January 30th. The shares were purchased at an average cost of C$43.01 per share, for a total transaction of C$49,891.60. Following the transaction, the insider owned 20,253 shares of the company's stock, valued at approximately C$871,081.53. This represents a 6.08% increase in their ownership of the stock. Also, insider Flora Emily Mackay Wood bought 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of C$43.15 per share, with a total value of C$43,150.00. Following the completion of the purchase, the insider directly owned 13,370 shares in the company, valued at approximately C$576,915.50. This trade represents a 8.08% increase in their position. In the last ninety days, insiders have bought 5,160 shares of company stock worth $220,562. Insiders own 19.00% of the company's stock.

Altius Minerals Company Profile

Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.