Altius Minerals (TSE:ALS) Sets New 12-Month High - Here's What Happened

Key Points

• Altius Minerals shares reached a new 52-week high, trading as high as C$65.89 and last at C$67.63, with approximately 73,193 shares changing hands.
• Analyst sentiment remains mixed: Canaccord Genuity, Raymond James and ATB Cormark raised their price targets, but the overall consensus rating is “Hold” with an average target of C$64.00.
• The company reported quarterly EPS of C$0.14 on revenue of C$23.15 million, while maintaining strong liquidity metrics, including a 13.49 current ratio and C$3.93 billion market capitalization.

Altius Minerals Co. (TSE:ALS - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$65.89 and last traded at C$67.63, with a volume of 73193 shares changing hands. The stock had previously closed at C$65.58.

Analyst Ratings Changes

Several brokerages recently weighed in on ALS. Canaccord Genuity Group boosted their target price on shares of Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. Raymond James Financial boosted their price objective on shares of Altius Minerals from C$66.00 to C$69.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. TD set a C$60.00 price objective on shares of Altius Minerals and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Scotiabank raised shares of Altius Minerals to a "hold" rating in a research note on Thursday, July 23rd. Finally, ATB Cormark Capital Markets boosted their price target on Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$64.00.

Altius Minerals Price Performance

The company's 50-day moving average is C$61.89 and its 200-day moving average is C$55.40. The company has a debt-to-equity ratio of 6.47, a current ratio of 13.49 and a quick ratio of 6.49. The firm has a market capitalization of C$3.93 billion, a price-to-earnings ratio of 10.62 and a beta of 0.49.

Altius Minerals (TSE:ALS - Get Free Report) last released its earnings results on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$23.15 million during the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. On average, research analysts expect that Altius Minerals Co. will post 0.3509869 earnings per share for the current 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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