Altius Minerals (TSE:ALS) Sets New 52-Week High – Here’s What Happened

Altius Minerals Co. (TSE:ALS) reached a new 52-week high during trading on Friday . The company traded as high as C$27.62 and last traded at C$27.34, with a volume of 21446 shares trading hands. The stock had previously closed at C$27.05.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALS. Canaccord Genuity Group boosted their target price on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday, September 16th. National Bankshares boosted their target price 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. Finally, Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd.

Altius Minerals Stock Up 3.3 %

The firm has a market cap of C$1.30 billion, a PE ratio of 90.13 and a beta of 0.94. The stock has a fifty day moving average price of C$26.36 and a 200-day moving average price of C$24.68. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30.

Altius Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, November 29th. Altius Minerals’s dividend payout ratio is presently 116.13%.

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.