Altius Minerals (TSE:ALS) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Analysts at Canaccord Genuity Group have raised their target price for Altius Minerals from C$38.00 to C$40.00, indicating a potential upside of 15.51%.
• Other analysts, including TD Securities and National Bankshares, have also increased their price targets, with the stock currently holding an average rating of "Buy" and a consensus price target of C$34.00.
• Altius Minerals has recently traded at C$34.63, with its stock showing a 52-week range between C$22.27 and C$35.31.

Altius Minerals (TSE:ALS - Get Free Report) had its target price upped by stock analysts at Canaccord Genuity Group from C$38.00 to C$40.00 in a report released on Friday,BayStreet.CA reports. Canaccord Genuity Group's price target would indicate a potential upside of 15.51% from the stock's previous close.

Several other research analysts also recently weighed in on ALS. TD Securities increased 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 report on Monday, July 28th. National Bankshares lifted their target price on shares of Altius Minerals from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial lifted their target price on shares of Altius Minerals from C$36.00 to C$37.00 in a research note on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$34.00.

Altius Minerals Stock Performance

ALS traded down C$0.64 during mid-day trading on Friday, reaching C$34.63. 138,163 shares of the company traded hands, compared to its average volume of 87,011. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. Altius Minerals has a 52-week low of C$22.27 and a 52-week high of C$35.31. The stock has a market capitalization of C$1.60 billion, a P/E ratio of 16.65 and a beta of 0.26. The company's fifty day moving average price is C$31.22 and its 200-day moving average price is C$28.27.

Insider Activity at Altius Minerals

In related news, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$29.10, for a total transaction of C$88,289.40. Also, Senior Officer Mark Raguz bought 1,400 shares of the company's stock in a transaction on Friday, July 25th. The stock was bought at an average price of C$28.41 per share, for a total transaction of C$39,778.20. Insiders own 19.00% of the company's stock.

Altius Minerals Company Profile

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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