Altius Minerals (TSE:ALS) Price Target Raised to C$36.00

Key Points

• National Bankshares raised its price target for Altius Minerals from C$35.00 to C$36.00, indicating a potential upside of 23.63% from the current stock price.
• Other brokerages such as TD Securities and Canaccord Genuity Group have also increased their price targets and given favorable ratings on the stock.
• Recent insider trading activity included a senior officer purchasing shares at C$28.41, while another sold shares at C$29.10, indicating active management involvement in stock ownership.

Altius Minerals (TSE:ALS - Free Report) had its price objective upped by National Bankshares from C$35.00 to C$36.00 in a report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on ALS. TD Securities raised 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. Canaccord Genuity Group raised their price objective on Altius Minerals from C$33.00 to C$35.00 in a report on Monday, April 21st.

Altius Minerals Price Performance

Shares of Altius Minerals stock traded up C$0.34 on Wednesday, hitting C$29.23. 60,387 shares of the company traded hands, compared to its average volume of 88,711. Altius Minerals has a 12-month low of C$22.27 and a 12-month high of C$30.55. 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 company has a market cap of C$1.35 billion, a P/E ratio of 98.93 and a beta of 0.94. The firm's 50-day simple moving average is C$28.01 and its 200 day simple moving average is C$26.65.

Altius Minerals Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Altius Minerals's previous quarterly dividend of $0.09. Altius Minerals's payout ratio is 121.85%.

Insider Transactions at Altius Minerals

In related news, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the firm's stock in a transaction that occurred 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 acquired 1,400 shares of the stock in a transaction on Friday, July 25th. The stock was bought at an average price of C$28.41 per share, with a total value of C$39,778.20. Insiders own 19.00% of the company's stock.

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.