BMO Capital Markets Raises Altius Minerals (TSE:ALS) Price Target to C$24.00

Altius Minerals (TSE:ALS) had its price target hoisted by equities research analysts at BMO Capital Markets from C$23.00 to C$24.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential downside of 11.14% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Scotiabank raised 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 report on Monday, December 23rd. National Bankshares raised their target price on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th.

Altius Minerals Price Performance

Shares of ALS opened at C$27.01 on Thursday. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$29.03. The company has a 50 day moving average of C$26.93 and a two-hundred day moving average of C$25.37. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. The company has a market cap of C$1.26 billion, a price-to-earnings ratio of 87.13 and a beta of 0.94.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. As a group, analysts predict that Altius Minerals will post 0.3509869 earnings per share 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.