Altius Minerals (TSE:ALS) Shares Pass Above 50 Day Moving Average – Here’s Why

Altius Minerals Co. (TSE:ALS) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$26.71 and traded as high as C$28.54. Altius Minerals shares last traded at C$28.50, with a volume of 105,481 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd. National Bankshares lifted their target price on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Altius Minerals Stock Performance

The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The business has a 50 day moving average price of C$26.83 and a two-hundred day moving average price of C$25.15. The stock has a market cap of C$1.33 billion, a PE ratio of 92.26 and a beta of 0.94.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.02). Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. As a group, equities research analysts forecast that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.

Altius Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.26%. Altius Minerals’s dividend payout ratio is presently 116.13%.

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.