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

Altius Minerals (TSE:ALS - Free Report) had its price objective lifted by BMO Capital Markets from C$23.00 to C$24.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other research analysts have also commented on ALS. National Bankshares upped their target price on Altius Minerals from C$26.00 to C$32.50 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Scotiabank raised shares of Altius Minerals from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd.

Altius Minerals Stock Performance

TSE ALS traded up C$0.39 during midday trading on Thursday, hitting C$27.40. The company had a trading volume of 76,720 shares, compared to its average volume of 84,480. The firm has a fifty day simple moving average of C$26.93 and a two-hundred day simple moving average of C$25.43. Altius Minerals has a fifty-two week low of C$16.11 and a fifty-two week high of C$29.03. 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$1.27 billion, a price-to-earnings ratio of 88.39 and a beta of 0.94.

Altius Minerals (TSE:ALS - Get Free Report) last released its 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%. Equities analysts forecast that Altius Minerals will post 0.3509869 earnings per share for the current fiscal year.

Altius Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.31%. Altius Minerals's payout ratio is presently 116.13%.

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.