Altius Minerals (TSE:ALS) Price Target Cut to C$20.00

Altius Minerals (TSE:ALS) had its price target cut by Scotiabank from C$21.00 to C$20.00 in a report issued on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 5.26% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of Altius Minerals from C$25.50 to C$25.00 in a report on Thursday, September 7th. Raymond James lowered their target price on shares of Altius Minerals from C$25.50 to C$25.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. BMO Capital Markets lowered their target price on shares of Altius Minerals from C$23.00 to C$22.00 in a report on Friday, October 20th. TD Securities lowered their target price on shares of Altius Minerals from C$24.00 to C$22.00 and set a “hold” rating on the stock in a report on Thursday, November 9th. Finally, Laurentian upgraded shares of Altius Minerals from a “hold” rating to a “buy” rating and lowered their target price for the stock from C$23.50 to C$23.00 in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$23.69.

Altius Minerals Trading Up 0.4 %

ALS stock traded up C$0.07 during midday trading on Monday, hitting C$19.00. The stock had a trading volume of 60,884 shares, compared to its average volume of 77,560. The business has a fifty day moving average price of C$20.47 and a two-hundred day moving average price of C$20.95. Altius Minerals has a 1-year low of C$18.65 and a 1-year high of C$23.97. The firm has a market cap of C$897.37 million, a P/E ratio of 50.18 and a beta of 1.08. The company has a current ratio of 6.08, a quick ratio of 6.49 and a debt-to-equity ratio of 18.41.

Altius Minerals Company Profile

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.