Altius Minerals (OTCMKTS:ATUSF) Share Price Crosses Below 200-Day Moving Average of $16.33

Shares of Altius Minerals Co. (OTCMKTS:ATUSF – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.33 and traded as low as $15.97. Altius Minerals shares last traded at $16.33, with a volume of 7,050 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank reduced their target price on Altius Minerals to C$21.00 in a research note on Thursday, May 11th. National Bank Financial reduced their target price on Altius Minerals from C$26.50 to C$26.00 in a research note on Monday, February 13th. Finally, Raymond James reduced their price target on Altius Minerals from C$27.50 to C$27.00 in a research note on Tuesday, May 9th.

Altius Minerals Trading Up 1.5 %

The business has a 50 day simple moving average of $16.22 and a two-hundred day simple moving average of $16.33.

Altius Minerals Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were given a $0.058 dividend. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, March 16th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Altius Minerals stock. O Brien Greene & Co. Inc increased its position in Altius Minerals Co. (OTCMKTS:ATUSF – Get Rating) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,000 shares of the company’s stock after buying an additional 3,000 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Altius Minerals were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 18.41% of the company’s stock.

Altius Minerals Company Profile

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Altius Minerals Corp. explores and develops mineral properties. It operates through the following segments: Mineral Royalties, Project Generation, and Renewable Royalties. The Mineral Royalties segment focuses on the acquisition and management of producing and development stage royalty and streaming interests.