Altius Minerals Co. Plans Quarterly Dividend of $0.09 (TSE:ALS)

Altius Minerals Co. (TSE:ALS) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.09 per share on Monday, December 16th. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, November 29th.

Altius Minerals Trading Up 0.0 %

Shares of ALS stock opened at C$26.47 on Thursday. The stock has a market capitalization of C$1.23 billion, a P/E ratio of 85.39 and a beta of 0.94. Altius Minerals has a fifty-two week low of C$16.11 and a fifty-two week high of C$27.43. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The company has a 50 day moving average price of C$26.19 and a 200 day moving average price of C$23.63.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ALS. National Bankshares lifted their target price on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Scotiabank lifted their price target on Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Finally, Canaccord Genuity Group increased their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a report on Monday, September 16th.

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.