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

Shares of Altius Minerals Co. (TSE:ALS) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$27.75.

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

Altius Minerals Trading Up 3.2 %

Shares of Altius Minerals stock opened at C$27.03 on Friday. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 87.19 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 has a 12-month low of C$16.11 and a 12-month high of C$27.43. The firm’s 50-day moving average price is C$25.85 and its two-hundred day moving average price is C$23.20.

Altius Minerals (TSE:ALS) last posted its earnings results on Thursday, August 8th. The company reported C$0.09 EPS for the quarter, hitting analysts’ consensus estimates of C$0.09. The firm had revenue of C$19.52 million during the quarter, compared to analysts’ expectations of C$19.10 million. Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. On average, analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

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.