Mining minerals

Altius Minerals (TSE:ALS) price target drop to C$22.00 by BMO Capital Markets analysts


Altius Minerals (TSE: ALS – Get an Assessment) had its price target reduced by BMO Capital Markets from CA$23.00 to CA$22.00 in a research note released Tuesday morning, BayStreet.CA reports.

ALS has been the subject of a number of other reports. TD Securities cut its price target on Altius Minerals shares from C$31.00 to C$26.00 and placed a buy rating on the stock in a Thursday, May 12 research note. Scotiabank reduced its price target on Altius Minerals shares from C$25.00 to C$21.00 in a Thursday, July 7 research report. Canaccord Genuity Group raised its price target on Altius Minerals shares from C$27.00 to C$28.00 in a report released Tuesday, April 19. Finally, Raymond James lowered his price target on Altius Minerals shares from C$26.00 to C$25.00 and set an outperformance rating for the stock in a Tuesday, July 19 report. Three investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, Altius Minerals currently has a Moderate Buy average rating and a consensus target price of C$23.00.

Performance of Altius Minerals stock

ALS shares opened at C$17.96 on Tuesday. Altius Minerals has a 1-year low of C$14.92 and a 1-year high of C$25.71. The company has a 50-day moving average price of CA$17.97 and a 200-day moving average price of CA$20.29. The company has a market capitalization of C$857.70 million and a price-earnings ratio of 18.71. The company has a debt ratio of 20.42, a quick ratio of 7.71 and a current ratio of 7.71.

Altius Minerals (TSE:ALS – Get Rating) last announced its results on Tuesday, May 10. The company reported earnings per share of C$0.28 for the quarter, beating the consensus estimate of C$0.23 by C$0.05. The company posted revenue of C$28.49 million in the quarter, while analysts had expected C$22.00 million. Sell-side analysts expect Altius Minerals to post year-to-date EPS of 0.7.

Altius Minerals Company Profile

(Get a rating)

Altius Minerals Corporation operates as a diversified mining royalty and broadcaster in Canada, the United States and Brazil. The company holds royalties and broadcast rights in 12 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal.

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