Altius Minerals (TSE:ALS) Reaches New 52-Week High - Should You Buy?

Key Points

• Altius Minerals reached a new 52-week high, trading as high as C$69.55 and recently changing hands at C$68.70, up 1.1%.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy and four rate it Hold, producing an overall “Hold” consensus and a C$64.00 average price target. National Bank Financial has the highest target at C$75.00.
• The company reported quarterly earnings of C$0.14 per share on C$23.15 million in revenue, while maintaining a diversified royalty-asset strategy focused on long-life, high-margin operations.

Altius Minerals Co. (TSE:ALS - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$69.55 and last traded at C$68.70, with a volume of 196963 shares changing hands. The stock had previously closed at C$67.97.

Analyst Ratings Changes

Several brokerages recently commented on ALS. TD set a C$60.00 target price on shares of Altius Minerals and gave the stock a "hold" rating in a report on Wednesday, July 22nd. National Bank Financial lifted 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 note on Wednesday, August 12th. Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$60.00 to C$70.00 in a research report on Tuesday, August 11th. Raymond James Financial increased their price objective on shares of Altius Minerals from C$66.00 to C$69.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Finally, Scotiabank upgraded Altius Minerals to a "hold" rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Altius Minerals presently has an average rating of "Hold" and a consensus target price of C$64.00.

Altius Minerals Trading Up 1.1%

The company has a market cap of C$4.04 billion, a P/E ratio of 10.90 and a beta of 0.49. 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 business has a 50 day moving average price of C$62.59 and a 200-day moving average price of C$56.79.

Altius Minerals (TSE:ALS - Get Free Report) last issued its earnings results 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 business had revenue of C$23.15 million for the quarter. Analysts forecast that Altius Minerals Co. will post 0.3509869 earnings per share for the current fiscal year.

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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