Altius Minerals (TSE:ALS) Sets New 12-Month High – Time to Buy?

Altius Minerals Co. (TSE:ALS)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$27.62 and last traded at C$27.34, with a volume of 21446 shares. The stock had previously closed at C$27.05.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALS. Canaccord Genuity Group boosted their price objective on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a report on Monday, September 16th. Scotiabank raised shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$27.00 to C$33.00 in a research report on Monday, December 23rd. Finally, National Bankshares lifted their target price on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a report on Tuesday, October 15th.

Altius Minerals Price Performance

The company’s 50-day simple moving average is C$26.33 and its 200 day simple moving average is C$24.61. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The company has a market cap of C$1.28 billion, a PE ratio of 88.52 and a beta of 0.94.

Altius Minerals Dividend Announcement

The business also recently declared 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 of this dividend was Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 1.31%. Altius Minerals’s dividend payout ratio (DPR) is 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.