Altius Minerals (TSE:ALS) Sets New 1-Year High – Time to Buy?

Altius Minerals Co. (TSE:ALS)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$28.58 and last traded at C$28.33, with a volume of 54496 shares traded. The stock had previously closed at C$28.38.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. National Bankshares raised 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 research note on Tuesday, October 15th. Scotiabank raised Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd.

Altius Minerals Price Performance

The firm has a market capitalization of C$1.33 billion, a P/E ratio of 92.39 and a beta of 0.94. 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 price of C$26.52 and a 200-day moving average price of C$24.90.

Altius Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, November 29th. Altius Minerals’s dividend payout ratio is currently 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.