Altius Minerals Co. (TSE:ALS) Stock Has Consensus Target Price of C$64.00 According to Brokerages

Key Points

• Brokerages have a consensus “Hold” rating on Altius Minerals, with four analysts rating the stock a hold and two recommending a buy. The average 12-month price target is C$64.00.
• Analysts recently raised several targets, including ATB Cormark to C$79.00, National Bank Financial to C$75.00, and Canaccord Genuity to C$70.00; TD maintained a C$60.00 target and hold rating.
• Altius shares opened at C$64.53, near the consensus target, with a market capitalization of approximately C$3.79 billion. The company reported quarterly EPS of C$0.14 on revenue of C$23.15 million.

Altius Minerals Co. (TSE:ALS - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$64.00.

Several equities research analysts have recently commented on the stock. ATB Cormark Capital Markets boosted their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a research report on Tuesday, July 14th. National Bank Financial raised their price target on shares of 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. TD set a C$60.00 price target on Altius Minerals and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Scotiabank upgraded Altius Minerals to a "hold" rating in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group boosted their price objective on Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday, August 11th.

Altius Minerals Stock Performance

TSE ALS opened at C$64.53 on Friday. The company has a fifty day simple moving average of C$64.64 and a 200 day simple moving average of C$58.65. Altius Minerals has a 12-month low of C$32.09 and a 12-month high of C$69.55. The company has a current ratio of 13.49, a quick ratio of 6.49 and a debt-to-equity ratio of 6.47. The company has a market cap of C$3.79 billion, a P/E ratio of 10.24 and a beta of 0.47.

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 for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The firm had revenue of C$23.15 million for the quarter. Sell-side analysts predict that Altius Minerals will post 0.35 earnings per share for the current fiscal 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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