Altius Minerals (TSE:ALS) Shares Cross Below 200-Day Moving Average - Should You Sell?

Shares of Altius Minerals Co. (TSE:ALS - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$26.27 and traded as low as C$22.33. Altius Minerals shares last traded at C$22.47, with a volume of 74,736 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on ALS. BMO Capital Markets raised their price objective on Altius Minerals from C$23.00 to C$24.00 in a research note on Thursday, January 30th. Scotiabank upgraded Altius Minerals from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$27.00 to C$33.00 in a research report on Monday, December 23rd. Finally, TD Securities dropped their price target on Altius Minerals from C$32.00 to C$31.00 and set a "buy" rating for the company in a research note on Thursday, March 13th.

Altius Minerals Trading Up 3.0 %

The firm has a 50-day moving average of C$25.41 and a two-hundred day moving average of C$26.18. The firm has a market capitalization of C$1.10 billion, a P/E ratio of 80.69 and a beta of 0.94. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48.

Altius Minerals Company Profile

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.