Altius Minerals (TSE:ALS) Sets New 12-Month High - Still a Buy?

Key Points

• Altius Minerals reached a new 52-week high of C$66.25, up from its prior close of C$65.15, giving the company a market capitalization of approximately C$3.93 billion.
• Analyst sentiment remains cautious: two analysts rate the stock a Buy and four rate it Hold, producing a consensus rating of Hold and an average price target of C$63.62, below the latest trading price.
• The company reported quarterly EPS of C$0.14 on revenue of C$23.15 million, with a 27.08% return on equity. Its diversified royalty portfolio is designed to benefit from long-term trends in electricity, infrastructure, steelmaking, fertilizers and precious metals.

Shares of Altius Minerals Co. (TSE:ALS - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$66.25 and last traded at C$66.25, with a volume of 20072 shares changing hands. The stock had previously closed at C$65.15.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. ATB Cormark Capital Markets increased their price objective on shares of Altius Minerals from C$68.00 to C$79.00 in a research note on Tuesday, July 14th. TD set a C$60.00 target price on shares of Altius Minerals and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Scotiabank raised shares of Altius Minerals to a "hold" rating in a report on Thursday, July 23rd. BMO Capital Markets increased their price target on shares of Altius Minerals from C$44.00 to C$49.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group boosted their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$63.62.

Altius Minerals Price Performance

The firm has a market cap of C$3.93 billion, a P/E ratio of 10.63 and a beta of 0.40. The firm's fifty day simple moving average is C$60.95 and its 200 day simple moving average is C$53.77. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49.

Altius Minerals (TSE:ALS - Get Free Report) last posted 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 firm had revenue of C$23.15 million for the quarter. As a group, analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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