Altius Minerals (TSE:ALS) Given New C$24.00 Price Target at BMO Capital Markets

Altius Minerals (TSE:ALS) had its price target increased by BMO Capital Markets from C$23.00 to C$24.00 in a report published on Thursday,BayStreet.CA reports.

ALS has been the subject of a number of other research reports. National Bankshares increased their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$27.13 on Thursday. The stock has a fifty day moving average of C$26.91 and a 200 day moving average of C$25.31. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$29.03. The firm has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 87.52 and a beta of 0.94. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. As a group, research analysts expect that Altius Minerals will post 0.3509869 earnings per share for the current year.

Altius Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.33%. Altius Minerals’s payout ratio is presently 116.13%.

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.