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

Shares of Altius Minerals Co. (TSE:ALS) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$25.97.

Several brokerages recently weighed in on ALS. Scotiabank lifted their price target on Altius Minerals from C$23.00 to C$24.00 in a research note on Monday, August 19th. Canaccord Genuity Group lifted their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$26.29 on Thursday. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 84.81 and a beta of 0.93. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The business has a fifty day moving average of C$22.79 and a 200 day moving average of C$21.73. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.43.

Altius Minerals (TSE:ALS) last issued its earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.09. The company had revenue of C$19.52 million during the quarter, compared to analyst estimates of C$19.10 million. 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 0.479506 earnings per share for the current year.

Altius Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.09 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. Altius Minerals’s payout ratio is currently 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.