Altius Minerals (TSE:ALS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Altius Minerals Co. (TSE:ALS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.40 and traded as low as C$24.64. Altius Minerals shares last traded at C$24.76, with a volume of 70,546 shares.

Analyst Upgrades and Downgrades

ALS has been the subject of a number of research analyst reports. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd. TD Securities decreased their price target on shares of Altius Minerals from C$32.00 to C$31.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Finally, BMO Capital Markets increased their price objective on Altius Minerals from C$23.00 to C$24.00 in a research note on Thursday, January 30th.

Altius Minerals Trading Down 1.2 %

The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The stock has a 50-day simple moving average of C$26.34 and a 200 day simple moving average of C$26.40. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 83.80 and a beta of 0.94.

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.