Shares of Altius Minerals Co. (TSE:ALS - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$28.58 and last traded at C$28.33, with a volume of 54496 shares. The stock had previously closed at C$28.38.
Wall Street Analyst Weigh In
A number of brokerages have commented on ALS. Scotiabank raised Altius Minerals from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd. National Bankshares boosted their price target on Altius Minerals from C$26.00 to C$32.50 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th.
Read Our Latest Stock Analysis on Altius Minerals
Altius Minerals Stock Performance
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 stock's fifty day simple moving average is C$26.47 and its 200 day simple moving average is C$24.85. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of 90.97 and a beta of 0.94.
Altius Minerals Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.28%. Altius Minerals's dividend payout ratio is presently 116.13%.
Altius Minerals Company Profile
(
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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.
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