Insider Buying: Altius Minerals (TSE:ALS) Director Purchases 1,000 Shares of Stock

Key Points

• Insider buying: Director André Gaumond bought 1,000 shares on March 19 at C$41.69 each (C$41,690 total), bringing his holdings to 78,351 shares — a 1.29% increase valued at roughly C$3.27M.
• Market and analyst context: ALS trades near C$52.43 (close to its 1‑year high) with a C$2.93B market cap and PE of 8.27; several analysts have raised targets and the consensus rating is "Moderate Buy" (consensus price target C$45.83), supported by strong reported profitability metrics.

Altius Minerals Co. (TSE:ALS - Get Free Report) Director Andr� Gaumond purchased 1,000 shares of the business's stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of C$41.69 per share, with a total value of C$41,690.00. Following the purchase, the director owned 78,351 shares in the company, valued at approximately C$3,266,453.19. This represents a 1.29% increase in their ownership of the stock.

Altius Minerals Stock Performance

Shares of TSE:ALS remained flat at C$52.43 during trading on Friday. 177,218 shares of the stock were exchanged, compared to its average volume of 196,535. The company has a 50 day moving average price of C$45.59 and a two-hundred day moving average price of C$40.96. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49. 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 Co. has a 1 year low of C$22.27 and a 1 year high of C$52.59.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. National Bank Financial lifted their price target on Altius Minerals from C$45.50 to C$52.00 in a research note on Thursday, January 29th. Canaccord Genuity Group increased their price objective on Altius Minerals from C$47.00 to C$51.00 in a research report on Monday, March 16th. Raymond James Financial raised their price objective 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. TD Securities boosted their target price on Altius Minerals from C$39.00 to C$52.00 and gave the stock a "buy" rating in a research report on Thursday, March 12th. Finally, Scotiabank raised Altius Minerals to a "hold" rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Altius Minerals currently has a consensus rating of "Moderate Buy" and a consensus price target of C$45.83.

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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