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

Key Points

• Mark Raguz, an insider, purchased 1,000 shares on March 19 at C$40.20, raising his holding to 21,253 shares (a 4.94% increase) after also buying 1,160 shares on Jan. 30 at C$43.01.
• Shares fell 3.9% to C$41.53 on the day; the company has a market cap of C$2.32 billion, a P/E of 6.55, and 50‑day/200‑day moving averages of C$45.26/C$39.66.
• Several analysts have lifted price targets (many to C$48–52) and the consensus rating is Moderate Buy with a consensus target of C$45.83; Altius last reported C$0.24 EPS and C$14.06M in quarterly revenue.

Altius Minerals Co. (TSE:ALS - Get Free Report) insider Mark Raguz purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average cost of C$40.20 per share, with a total value of C$40,200.00. Following the transaction, the insider directly owned 21,253 shares of the company's stock, valued at C$854,370.60. The trade was a 4.94% increase in their position.

Mark Raguz also recently made the following trade(s):

• On Friday, January 30th, Mark Raguz purchased 1,160 shares of Altius Minerals stock. The stock was bought at an average price of C$43.01 per share, for a total transaction of C$49,891.60.

Altius Minerals Trading Down 3.9%

Shares of TSE ALS traded down C$1.68 during trading on Thursday, hitting C$41.53. 156,289 shares of the company traded hands, compared to its average volume of 199,259. The firm has a market capitalization of C$2.32 billion, a P/E ratio of 6.55 and a beta of 0.33. The company has a quick ratio of 6.49, a current ratio of 15.11 and a debt-to-equity ratio of 9.98. The company has a 50-day moving average price of C$45.26 and a 200-day moving average price of C$39.66. Altius Minerals Co. has a 1 year low of C$22.27 and a 1 year high of C$49.73.

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

Analysts Set New Price Targets

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