Altius Minerals (TSE:ALS) Shares Cross Below 200-Day Moving Average - What's Next?

Shares of Altius Minerals Co. (TSE:ALS - Get Free Report) 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 changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Scotiabank upgraded Altius Minerals from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd. TD Securities cut their price objective on shares of Altius Minerals from C$32.00 to C$31.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Finally, BMO Capital Markets increased their target price on shares of Altius Minerals from C$23.00 to C$24.00 in a report on Thursday, January 30th.

Altius Minerals Stock Down 4.4 %

The stock has a 50-day moving average of C$26.01 and a 200 day moving average of C$26.34. The company has a market capitalization of C$1.06 billion, a PE ratio of 77.91 and a beta of 0.94. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48.

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.