Altius Minerals (TSE:ALS) Price Target Raised to C$24.50 at Canaccord Genuity Group

Altius Minerals (TSE:ALS - Get Free Report) had its target price hoisted by investment analysts at Canaccord Genuity Group from C$24.00 to C$24.50 in a report released on Monday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 16.39% from the company's previous close.

Several other equities analysts have also recently commented on ALS. National Bankshares reduced their price target on shares of Altius Minerals from C$24.00 to C$23.00 and set an "outperform" rating on the stock in a research report on Monday, January 8th. TD Securities raised Altius Minerals from a "hold" rating to a "buy" rating and lifted their price target for the company from C$22.00 to C$23.00 in a report on Tuesday, March 12th. Finally, Scotiabank lowered their price objective on shares of Altius Minerals from C$20.00 to C$18.50 and set a "sector perform" rating on the stock in a research note on Tuesday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$22.71.

Altius Minerals Trading Down 1.7 %

Shares of ALS traded down C$0.37 during trading hours on Monday, hitting C$21.05. The stock had a trading volume of 42,823 shares, compared to its average volume of 81,820. The company has a debt-to-equity ratio of 18.38, a quick ratio of 6.49 and a current ratio of 11.23. The firm has a market cap of C$985.35 million, a P/E ratio of 105.95 and a beta of 0.93. The company's fifty day simple moving average is C$19.37 and its 200 day simple moving average is C$19.12. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$22.40.

Altius Minerals (TSE:ALS - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. The company had revenue of C$16.10 million during the quarter, compared to analyst estimates of C$18.85 million. Equities research analysts forecast that Altius Minerals will post 0.3739763 EPS for the current fiscal year.

Altius Minerals Company Profile

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.