Altius Minerals (TSE:ALS) Share Price Passes Above Fifty Day Moving Average of $18.01

Altius Minerals Co. (TSE:ALSGet Rating) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$18.01 and traded as high as C$18.19. Altius Minerals shares last traded at C$17.91, with a volume of 54,623 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on ALS shares. Scotiabank lowered their price objective on shares of Altius Minerals from C$25.00 to C$21.00 in a research report on Thursday, July 7th. Raymond James cut their target price on shares of Altius Minerals from C$25.00 to C$24.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. BMO Capital Markets dropped their price objective on shares of Altius Minerals from C$23.00 to C$22.00 in a research note on Tuesday, August 9th. Finally, TD Securities upped their target price on shares of Altius Minerals from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Altius Minerals has an average rating of “Moderate Buy” and a consensus target price of C$22.89.

Altius Minerals Trading Down 0.5 %

The business’s fifty day simple moving average is C$18.01 and its 200 day simple moving average is C$19.92. The company has a current ratio of 8.46, a quick ratio of 8.06 and a debt-to-equity ratio of 22.19. The stock has a market cap of C$853.97 million and a P/E ratio of 24.20.

Altius Minerals (TSE:ALSGet Rating) last issued its earnings results on Monday, August 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.02). The firm had revenue of C$28.63 million for the quarter, compared to the consensus estimate of C$21.80 million. As a group, analysts expect that Altius Minerals Co. will post 0.69 EPS for the current year.

About Altius Minerals

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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 12 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal.

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