Altius Minerals (TSE:ALS) Price Target Increased to C$29.00 by Analysts at Canaccord Genuity Group

Altius Minerals (TSE:ALS) had its price objective boosted by stock analysts at Canaccord Genuity Group from C$25.00 to C$29.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 11.67% from the company’s previous close.

Separately, Scotiabank upped their target price on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Altius Minerals presently has an average rating of “Moderate Buy” and an average price target of C$25.97.

Altius Minerals Stock Performance

ALS traded down C$0.82 during trading on Monday, reaching C$25.97. 50,320 shares of the company were exchanged, compared to its average volume of 69,997. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$27.43. 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 firm has a 50 day moving average of C$22.47 and a 200 day moving average of C$21.59. The stock has a market cap of C$1.21 billion, a P/E ratio of 83.77 and a beta of 0.93.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.09. Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. The company had revenue of C$19.52 million during the quarter, compared to the consensus estimate of C$19.10 million. On average, sell-side analysts forecast that Altius Minerals will post 0.479506 EPS for the current fiscal year.

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.