Key Points
- Insider purchase: Mark Raguz bought 1,000 shares on March 19 at C$40.20, raising his holding to 21,253 shares (a 4.94% increase) after also acquiring 1,160 shares on Jan. 30.
- Strong reported profitability: Altius posted C$0.24 EPS for the quarter with a 41.51% ROE and an outsized net margin of 614.83%, and currently trades at a P/E of 6.60 with a market cap of C$2.34 billion.
- Analyst sentiment: Multiple brokers have lifted price targets (some to C$52), and the consensus is a "Moderate Buy" with an average target of C$45.83.
Altius Minerals Co. (TSE:ALS - Get Free Report) insider Mark Raguz acquired 1,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of C$40.20 per share, for a total transaction of C$40,200.00. Following the completion of the acquisition, the insider owned 21,253 shares in the company, valued at C$854,370.60. The trade was a 4.94% increase in their position.
Mark Raguz also recently made the following trade(s):
- On Friday, January 30th, Mark Raguz acquired 1,160 shares of Altius Minerals stock. The shares were purchased at an average price of C$43.01 per share, with a total value of C$49,891.60.
Altius Minerals Price Performance
Shares of Altius Minerals stock opened at C$41.84 on Friday. The stock has a market capitalization of C$2.34 billion, a P/E ratio of 6.60 and a beta of 0.33. The business has a 50 day simple moving average of C$45.23 and a two-hundred day simple moving average of C$39.68. Altius Minerals Co. has a 12 month low of C$22.27 and a 12 month high of C$49.73. The company has a debt-to-equity ratio of 9.98, a current ratio of 15.11 and a quick ratio of 6.49.
Altius Minerals (TSE:ALS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$0.24 EPS for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The firm had revenue of C$14.06 million during the quarter. As a group, analysts predict that Altius Minerals Co. will post 0.3509869 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on ALS. Scotiabank raised shares of Altius Minerals to a "hold" rating in a report on Thursday, March 12th. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$47.00 to C$51.00 in a research note on Monday. National Bank Financial boosted their price target on shares of Altius Minerals from C$45.50 to C$52.00 in a research report on Thursday, January 29th. TD Securities upped their price objective on shares of Altius Minerals from C$39.00 to C$52.00 and gave the company a "buy" rating in a research note on Thursday, March 12th. Finally, Raymond James Financial increased their price objective on shares of Altius Minerals from C$47.00 to C$48.00 and gave the company an "outperform" rating in a report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$45.83.
Read Our Latest Analysis on Altius Minerals
About Altius Minerals
(
Get Free Report)
Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.
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