Altius Minerals (TSE:ALS) Upgraded at Scotiabank

Scotiabank upgraded shares of Altius Minerals (TSE:ALS) from a sector perform rating to an outperform rating in a report issued on Monday, MarketBeat Ratings reports. Scotiabank currently has C$33.00 price target on the stock, up from their prior price target of C$27.00.

Several other analysts have also commented on ALS. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. National Bankshares upped their price objective 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.

Altius Minerals Trading Up 1.9 %

Shares of Altius Minerals stock opened at C$27.42 on Monday. The firm has a market cap of C$1.27 billion, a PE ratio of 88.45 and a beta of 0.94. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.50. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The stock has a fifty day moving average price of C$26.23 and a 200-day moving average price of C$24.20.

Altius Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given 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 dividend payout ratio (DPR) is currently 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.