Altius Minerals (TSE:ALS) Price Target Cut to C$31.00 by Analysts at TD Securities

Altius Minerals (TSE:ALS) had its price target lowered by equities research analysts at TD Securities from C$32.00 to C$31.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 23.41% from the company’s current price.

A number of other analysts have also recently commented on the company. BMO Capital Markets lifted their target price on Altius Minerals from C$23.00 to C$24.00 in a research report on Thursday, January 30th. Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$27.00 to C$33.00 in a research report on Monday, December 23rd.

Altius Minerals Stock Up 0.2 %

Shares of TSE ALS opened at C$25.12 on Thursday. The stock has a market cap of C$1.16 billion, a P/E ratio of 85.02 and a beta of 0.94. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. Altius Minerals has a 12-month low of C$20.02 and a 12-month high of C$29.03. The business’s fifty day simple moving average is C$26.85 and its 200-day simple moving average is C$26.26.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.