Brokerages Set Altius Minerals Co. (TSE:ALS) Target Price at C$27.75

Altius Minerals Co. (TSE:ALS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$27.75.

A number of equities analysts have recently weighed in on the company. National Bankshares increased their price target 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. Scotiabank increased their target price on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 8th. Finally, Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a "buy" rating in a research note on Monday, September 16th.

Altius Minerals Trading Down 2.5 %

ALS stock traded down C$0.68 during trading on Friday, reaching C$26.35. 144,123 shares of the stock were exchanged, compared to its average volume of 72,535. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 87.19 and a beta of 0.94. The business has a 50 day moving average price of C$25.85 and a 200-day moving average price of C$23.20. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.43.

Altius Minerals (TSE:ALS - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 earnings per share for the quarter, hitting the consensus estimate of C$0.09. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. The company had revenue of C$19.52 million during the quarter, compared to analyst estimates of C$19.10 million. On average, research analysts predict that Altius Minerals will post 0.3509869 earnings per share for the current year.

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.