Insider Buying: Altius Minerals (TSE:ALS) Director Acquires 1,600 Shares of Stock

Key Points

• Director Brian Dalton bought 1,600 shares on March 19 at C$41.32 (C$66,112) after purchasing 2,000 shares on March 17, and now directly owns 829,956 shares (≈C$34.29M), a 0.19% increase in his position.
• Altius traded at C$52.43 mid-day with a market cap of C$2.93B and PE of 8.27; analysts have raised targets recently and the consensus rating is a Moderate Buy with an average price target of C$45.83.

Altius Minerals Co. (TSE:ALS - Get Free Report) Director Brian Dalton acquired 1,600 shares of Altius Minerals stock in a transaction dated Thursday, March 19th. The shares were bought at an average price of C$41.32 per share, with a total value of C$66,112.00. Following the transaction, the director directly owned 829,956 shares in the company, valued at approximately C$34,293,781.92. The trade was a 0.19% increase in their position.

Brian Dalton also recently made the following trade(s):

• On Tuesday, March 17th, Brian Dalton bought 2,000 shares of Altius Minerals stock. The stock was bought at an average price of C$43.66 per share, with a total value of C$87,320.00.

Altius Minerals Stock Performance

Shares of TSE ALS remained flat at C$52.43 during mid-day trading on Friday. 177,218 shares of the company were exchanged, compared to its average volume of 196,535. The stock has a 50-day simple moving average of C$45.59 and a 200 day simple moving average of C$40.96. Altius Minerals Co. has a 1 year low of C$22.27 and a 1 year high of C$52.59. The company has a current ratio of 15.11, a quick ratio of 6.49 and a debt-to-equity ratio of 9.98. The stock has a market cap of C$2.93 billion, a PE ratio of 8.27 and a beta of 0.33.

Altius Minerals (TSE:ALS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 earnings per share for the quarter. Altius Minerals had a net margin of 614.83% and a return on equity of 41.51%. The firm had revenue of C$14.06 million during the quarter. On average, equities analysts expect that Altius Minerals Co. will post 0.3509869 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALS. Raymond James Financial boosted their target price on Altius Minerals from C$47.00 to C$48.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Canaccord Genuity Group raised their price target on Altius Minerals from C$47.00 to C$51.00 in a research note on Monday, March 16th. Scotiabank raised Altius Minerals to a "hold" rating in a research report on Thursday, March 12th. TD Securities boosted their price objective on Altius Minerals from C$39.00 to C$52.00 and gave the company a "buy" rating in a research note on Thursday, March 12th. Finally, National Bank Financial increased their price objective on Altius Minerals from C$45.50 to C$52.00 in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Altius Minerals currently has a consensus rating of "Moderate Buy" and an average price target of C$45.83.

Altius Minerals Company Profile

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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