Altius Minerals (TSE:ALS) Stock Price Expected to Rise, TD Securities Analyst Says

Key Points

• TD Securities has increased its price target for Altius Minerals (TSE:ALS) from C$32.00 to C$34.00, indicating a potential upside of 17.20%.
• Canaccord Genuity Group also raised its target price for the stock, now set at C$35.00.
• Insider trading occurred as Senior Officer Mark Raguz purchased 1,400 shares at an average price of C$28.41 each, reflecting insider confidence in the stock.

Altius Minerals (TSE:ALS - Free Report) had its price target raised by TD Securities from C$32.00 to C$34.00 in a report released on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Separately, Canaccord Genuity Group raised their target price on Altius Minerals from C$33.00 to C$35.00 in a research report on Monday, April 21st.

Altius Minerals Stock Performance

Shares of TSE:ALS traded up C$0.26 during trading on Monday, hitting C$29.35. 43,262 shares of the stock were exchanged, compared to its average volume of 87,413. Altius Minerals has a 1-year low of C$21.12 and a 1-year high of C$29.76. The company has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 99.34 and a beta of 0.94. The company's fifty day simple moving average is C$27.43 and its 200-day simple moving average is C$26.55. The company has a debt-to-equity ratio of 19.48, a quick ratio of 6.49 and a current ratio of 8.36.

Insider Activity at Altius Minerals

In other Altius Minerals news, Senior Officer Mark Raguz bought 1,400 shares of the firm's stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of C$28.41 per share, with a total value of C$39,778.20. 19.00% of the stock is currently owned by company insiders.

Altius Minerals Company Profile

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.