Altius Minerals (TSE:ALS) Stock Price Expected to Rise, National Bankshares Analyst Says

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 - Get Free Report) had its price target lifted by equities research analysts at National Bankshares from C$35.00 to C$36.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price indicates a potential upside of 23.63% from the stock's current price.

A number of other brokerages have also recently issued reports on ALS. TD Securities raised their target price on shares of Altius Minerals from C$32.00 to C$34.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Canaccord Genuity Group lifted their price target on Altius Minerals from C$33.00 to C$35.00 in a report on Monday, April 21st.

Altius Minerals Stock Performance

TSE ALS traded down C$0.19 during trading hours on Wednesday, reaching C$29.12. The company's stock had a trading volume of 83,634 shares, compared to its average volume of 89,134. 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 business has a 50-day simple moving average of C$27.86 and a 200 day simple moving average of C$26.61. Altius Minerals has a 52 week low of C$21.57 and a 52 week high of C$30.55. The stock has a market cap of C$1.35 billion, a PE ratio of 98.56 and a beta of 0.94.

Insider Buying and Selling

In other Altius Minerals news, Senior Officer Mark Raguz purchased 1,400 shares of the business's stock in a transaction dated Friday, July 25th. The shares were bought at an average price of C$28.41 per share, with a total value of C$39,778.20. Also, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of Altius Minerals stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of C$29.10, for a total value of C$88,289.40. 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.

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