Brokerages Set Altius Minerals Co. (TSE:ALS) Price Target at C$22.64

Altius Minerals Co. (TSE:ALS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$22.71.

A number of analysts recently commented on the company. Scotiabank lowered their price objective on Altius Minerals from C$20.00 to C$18.50 and set a "sector perform" rating for the company in a research report on Tuesday, February 6th. TD Securities upgraded Altius Minerals from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$22.00 to C$23.00 in a research report on Tuesday, March 12th. Canaccord Genuity Group boosted their target price on Altius Minerals from C$24.00 to C$24.50 and gave the stock a "buy" rating in a research report on Monday. Finally, National Bankshares decreased their target price on 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.

Altius Minerals Stock Performance

ALS stock traded down C$0.37 during midday trading 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 firm has a market capitalization of C$985.35 million, a price-to-earnings ratio of 105.95 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. The stock has a 50-day simple moving average of C$19.37 and a 200 day simple moving average of C$19.12. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38.

Altius Minerals (TSE:ALS - Get Free Report) last released its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of C$16.10 million during the quarter, compared to the consensus estimate of C$18.85 million. As a group, equities research analysts anticipate that Altius Minerals will post 0.3739763 earnings per share for the current year.

Altius Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, March 15th. Altius Minerals's dividend payout ratio (DPR) is presently 160.00%.

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.