Altius Minerals Co. (TSE:ALS – Get Rating) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$22.23 and traded as high as C$22.82. Altius Minerals shares last traded at C$22.72, with a volume of 43,743 shares traded.
Analyst Ratings Changes
A number of brokerages have issued reports on ALS. BMO Capital Markets raised their target price on Altius Minerals from C$21.00 to C$22.00 in a report on Thursday, November 10th. Raymond James raised their target price on Altius Minerals from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, November 18th. TD Securities cut Altius Minerals from a “buy” rating to a “hold” rating and raised their target price for the stock from C$23.00 to C$24.00 in a report on Thursday, November 10th. Finally, National Bank Financial restated an “outperform overweight” rating on shares of Altius Minerals in a report on Wednesday, December 14th.
Altius Minerals Stock Performance
The company has a market cap of C$1.08 billion and a price-to-earnings ratio of 31.12. The company has a debt-to-equity ratio of 21.70, a current ratio of 6.87 and a quick ratio of 6.49. The stock has a 50-day moving average price of C$22.23 and a 200 day moving average price of C$20.04.
Insider Transactions at Altius Minerals
In related news, Director James Digby Ronald Strauss sold 6,000 shares of Altius Minerals stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of C$22.79, for a total value of C$136,740.00. Following the sale, the director now owns 22,890 shares of the company’s stock, valued at approximately C$521,663.10.
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 12 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal.
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