Altius Minerals (TSE:ALS) Given New C$26.00 Price Target at Scotiabank

Altius Minerals (TSE:ALS) had its price target lifted by research analysts at Scotiabank from C$24.00 to C$26.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 2.12% from the stock’s previous close.

Separately, Canaccord Genuity Group boosted their price target on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.22.

Altius Minerals Stock Performance

Shares of ALS traded up C$0.04 during midday trading on Tuesday, reaching C$25.46. 34,555 shares of the stock were exchanged, compared to its average volume of 71,075. The business’s 50-day moving average price is C$24.04 and its 200 day moving average price is C$22.33. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$27.43. The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 82.13 and a beta of 0.93.

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. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. The business had revenue of C$19.52 million for the quarter, compared to analysts’ expectations of C$19.10 million. On average, sell-side analysts expect that Altius Minerals will post 0.3558606 EPS for the current fiscal year.

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.