Altius Minerals (TSE:ALS) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Altius Minerals Co. (TSE:ALS) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$26.27 and traded as low as C$24.50. Altius Minerals shares last traded at C$24.66, with a volume of 87,873 shares.

Analysts Set New Price Targets

A number of research analysts have commented on ALS shares. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$27.00 to C$33.00 in a research note on Monday, December 23rd. BMO Capital Markets raised their price objective on shares of Altius Minerals from C$23.00 to C$24.00 in a report on Thursday, January 30th.

Altius Minerals Trading Down 0.2 %

The stock has a market capitalization of C$1.14 billion, a P/E ratio of 83.47 and a beta of 0.94. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49. The business’s 50 day simple moving average is C$26.95 and its 200-day simple moving average is C$26.27.

About Altius Minerals

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.