Altius Minerals (TSE:ALS) has been assigned a C$16.50 price target by Raymond James in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 35.91% from the stock’s previous close.
Separately, Canaccord Genuity dropped their price objective on Altius Minerals from C$19.00 to C$18.00 in a research note on Tuesday, January 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Altius Minerals presently has an average rating of “Buy” and a consensus price target of C$17.10.
Get Altius Minerals alerts:Shares of ALS traded up C$0.10 during mid-day trading on Friday, reaching C$12.14. 120,856 shares of the company’s stock traded hands, compared to its average volume of 62,804. The stock has a market cap of $512.51 million and a price-to-earnings ratio of 19.27. Altius Minerals has a 12 month low of C$10.04 and a 12 month high of C$14.80. The company has a debt-to-equity ratio of 27.62, a quick ratio of 3.35 and a current ratio of 3.35.
Altius Minerals (TSE:ALS) last released its earnings results on Wednesday, November 7th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$13.68 million for the quarter. As a group, analysts predict that Altius Minerals will post 0.5 earnings per share for the current fiscal year.
Altius Minerals Company Profile
Altius Minerals Corporation operates as a diversified mining royalty, streaming, and mineral project generation company in Canada and Brazil. The company owns royalties and streams in 15 operating mines of copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal; and various pre-development stage royalties in mineral commodities.
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