Altius Minerals (TSE:ALS) PT Raised to C$26.00 at TD Securities

Altius Minerals (TSE:ALS - Free Report) had its price target upped by TD Securities from C$25.00 to C$26.00 in a report issued on Tuesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Scotiabank reduced their target price on Altius Minerals from C$20.00 to C$18.50 and set a sector perform rating for the company in a report on Tuesday, February 6th. Canaccord Genuity Group increased their price objective on Altius Minerals from C$24.00 to C$24.50 and gave the company a buy rating in a report on Monday, April 22nd. Finally, National Bankshares reduced their price target on shares of Altius Minerals from C$24.00 to C$23.00 and set an outperform rating for the company in a research report on Monday, January 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$23.14.

Altius Minerals Stock Down 0.7 %

ALS stock traded down C$0.15 during trading on Tuesday, hitting C$22.05. 28,078 shares of the company's stock were exchanged, compared to its average volume of 79,614. The business has a 50-day moving average price of C$20.42 and a two-hundred day moving average price of C$19.17. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38. The stock has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 110.25 and a beta of 0.93. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$22.40.

Altius Minerals (TSE:ALS - Get Free Report) last issued its 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. As a group, equities research analysts expect that Altius Minerals will post 0.3739763 EPS for the current year.

Altius Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 1.45%. Altius Minerals's dividend payout ratio is currently 160.00%.

About Altius Minerals

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.