TD Securities Increases Altius Minerals (TSE:ALS) Price Target to C$39.00

Key Points

• TD Securities has raised its price target for Altius Minerals (TSE:ALS) from C$34.00 to C$39.00, indicating a potential upside of 11.62% from the current stock price.
• Other brokerage firms, including Canaccord Genuity and National Bankshares, have also increased their price targets for Altius Minerals, with ratings indicating a consensus average of C$34.83 for the stock.
• Despite the positive outlook from analysts, shares of Altius Minerals recently dipped 2.4%, trading at C$34.94, with notable insider transactions occurring recently as well.

Altius Minerals (TSE:ALS - Get Free Report) had its target price lifted by research analysts at TD Securities from C$34.00 to C$39.00 in a report released on Tuesday,BayStreet.CA reports. TD Securities' price objective points to a potential upside of 11.62% from the stock's current price.

A number of other brokerages have also commented on ALS. Canaccord Genuity Group boosted their price objective on shares of Altius Minerals from C$38.00 to C$40.00 in a research report on Friday. National Bankshares upped their price target on shares of Altius Minerals from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, Raymond James Financial lifted their target price on Altius Minerals from C$36.00 to C$37.00 in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$34.83.

Altius Minerals Trading Down 2.4%

Shares of ALS stock traded down C$0.86 on Tuesday, hitting C$34.94. The stock had a trading volume of 168,495 shares, compared to its average volume of 87,532. Altius Minerals has a twelve month low of C$22.27 and a twelve month high of C$35.88. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The firm has a market cap of C$1.62 billion, a P/E ratio of 16.80 and a beta of 0.26. The company has a fifty day moving average price of C$31.42 and a two-hundred day moving average price of C$28.48.

Insider Buying and Selling at Altius Minerals

In other Altius Minerals news, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of C$29.10, for a total value of C$88,289.40. Also, Senior Officer Mark Raguz bought 1,400 shares of Altius Minerals stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of C$28.41 per share, for a total transaction of C$39,778.20. 19.00% of the stock is currently owned by insiders.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.

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