Altius Minerals Co. (TSE:ALS) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Altius Minerals, with four hold ratings and two buys among six firms. The average 12-month price target is C$64.00.
• Recent analysts adjusted their targets broadly upward, including National Bank Financial to C$75.00 and ATB Cormark to C$79.00, while maintaining generally positive or neutral ratings.
• Altius Minerals opened at C$65.71, near its 52-week high of C$68.26, and reported quarterly EPS of C$0.14 on revenue of C$23.15 million. The company posted a 27.08% return on equity and analysts expect approximately C$0.35 in full-year EPS.

Altius Minerals Co. (TSE:ALS - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$64.00.

A number of equities research analysts have recently weighed in on ALS shares. TD set a C$60.00 price target on Altius Minerals and gave the company a "hold" rating in a report on Wednesday, July 22nd. National Bank Financial increased their price target on Altius Minerals from C$70.00 to C$75.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a research report on Tuesday, August 11th. Scotiabank upgraded Altius Minerals to a "hold" rating in a report on Thursday, July 23rd. Finally, ATB Cormark Capital Markets upped their price target on shares of Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th.

Altius Minerals Price Performance

ALS opened at C$65.71 on Tuesday. The company has a quick ratio of 6.49, a current ratio of 13.49 and a debt-to-equity ratio of 6.47. The company's 50-day moving average price is C$62.04 and its 200 day moving average price is C$55.98. The firm has a market cap of C$3.86 billion, a price-to-earnings ratio of 10.43 and a beta of 0.49. Altius Minerals has a fifty-two week low of C$30.69 and a fifty-two week high of C$68.26.

Altius Minerals (TSE:ALS - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. The business had revenue of C$23.15 million during the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%. As a group, sell-side analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current year.

About Altius Minerals

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.

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