Altius Minerals (TSE:ALS) Share Price Crosses Above 50-Day Moving Average - Here's Why

Altius Minerals Co. (TSE:ALS - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$26.71 and traded as high as C$28.54. Altius Minerals shares last traded at C$28.50, with a volume of 105,481 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on ALS shares. Scotiabank upgraded Altius Minerals from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$27.00 to C$33.00 in a research report on Monday, December 23rd. National Bankshares lifted their price target 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 Stock Up 0.4 %

The stock has a fifty day moving average of C$26.71 and a two-hundred day moving average of C$25.07. 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 stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 92.26 and a beta of 0.94.

Altius Minerals (TSE:ALS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported C$0.05 EPS for the quarter, missing analysts' consensus estimates of C$0.07 by C($0.02). Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. As a group, analysts predict that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Altius Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.26%. Altius Minerals's dividend payout ratio is currently 116.13%.

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.