Altius Minerals (TSE:ALS) Share Price Breaks Above 50 Day Moving Average - Should You Sell?

Key Points

• Altius Minerals shares broke above their 50-day moving average, reaching C$66.23 before last trading at C$64.63, with 154,617 shares changing hands.
• Analyst sentiment remains cautious: two analysts rate the stock a Buy and four rate it Hold, producing an overall “Hold” consensus and an average price target of C$64.00, although several firms recently raised their targets.
• The company reported quarterly EPS of C$0.14 on C$23.15 million in revenue, alongside a 27.08% return on equity and 462.21% net margin. Altius’s diversified royalty-asset strategy is focused on long-term growth themes including electricity, infrastructure, steelmaking, fertilizers and precious metals.

Shares of Altius Minerals Co. (TSE:ALS - Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$63.71 and traded as high as C$66.23. Altius Minerals shares last traded at C$64.63, with a volume of 154,617 shares changing hands.

Analyst Ratings Changes

ALS has been the subject of a number of recent research reports. TD set a C$60.00 price target on Altius Minerals and gave the company a "hold" rating in a research note on Wednesday, July 22nd. National Bank Financial increased their price objective on shares of Altius Minerals from C$70.00 to C$75.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets raised their price objective on shares of Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Canaccord Genuity Group raised their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a report on Tuesday, August 11th. Finally, Scotiabank upgraded shares of Altius Minerals to a "hold" rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of C$64.00.

Altius Minerals Trading Down 2.3%

The company has a quick ratio of 6.49, a current ratio of 13.49 and a debt-to-equity ratio of 6.47. The stock has a fifty day simple moving average of C$63.71 and a 200 day simple moving average of C$57.68. The firm has a market capitalization of C$3.80 billion, a P/E ratio of 10.26 and a beta of 0.49.

Altius Minerals (TSE:ALS - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.14 EPS for the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%.The business had revenue of C$23.15 million for the quarter. As a group, research analysts forecast that Altius Minerals Co. will post 0.3509869 EPS 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.