Altius Minerals (TSE:ALS) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Altius Minerals (TSE:ALS) had its target price raised by research analysts at BMO Capital Markets from C$23.00 to C$24.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential downside of 11.86% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. National Bankshares boosted their price target on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Scotiabank upgraded shares of 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 research note on Monday, December 23rd.

Altius Minerals Stock Down 0.1 %

Shares of Altius Minerals stock traded down C$0.03 on Thursday, reaching C$27.23. The stock had a trading volume of 21,758 shares, compared to its average volume of 77,003. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$29.03. The company has a 50 day moving average price of C$26.91 and a 200 day moving average price of C$25.31. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. The stock has a market capitalization of C$1.27 billion, a P/E ratio of 87.84 and a beta of 0.94.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. As a group, equities research analysts forecast that Altius Minerals will post 0.3509869 EPS for the current year.

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.