Altius Minerals Co. (TSE:ALS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Altius Minerals Co. (TSE:ALSGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One 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 brokers that have issued a report on the stock in the last year is C$25.34.

Several equities analysts have recently weighed in on ALS shares. National Bankshares raised their price objective on shares of Altius Minerals from C$25.00 to C$26.00 in a research report on Friday, May 10th. Laurentian raised their target price on shares of Altius Minerals from C$23.50 to C$23.75 in a report on Thursday, May 9th. Cormark raised their target price on shares of Altius Minerals from C$30.00 to C$32.00 in a report on Friday, May 10th. Canaccord Genuity Group raised their target price on shares of Altius Minerals from C$24.50 to C$25.00 and gave the stock a “buy” rating in a report on Friday. Finally, TD Securities raised their target price on shares of Altius Minerals from C$25.00 to C$26.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

Read Our Latest Stock Report on ALS

Altius Minerals Stock Performance

TSE:ALS opened at C$21.27 on Tuesday. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$22.70. The company has a current ratio of 10.95, a quick ratio of 6.49 and a debt-to-equity ratio of 18.39. The company has a 50-day moving average of C$21.67 and a 200-day moving average of C$19.70. The firm has a market cap of C$987.99 million, a price-to-earnings ratio of 111.95 and a beta of 0.95.

Altius Minerals (TSE:ALSGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.10 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.03. Altius Minerals had a net margin of 15.28% and a return on equity of 1.50%. The company had revenue of C$17.49 million during the quarter, compared to analyst estimates of C$17.55 million. Analysts forecast that Altius Minerals will post 0.2895618 earnings per share for the current fiscal year.

Altius Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.09 per share. This is a boost from Altius Minerals’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, May 31st. Altius Minerals’s dividend payout ratio (DPR) is currently 189.47%.

Altius Minerals Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Altius Minerals (TSE:ALS)

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