Altius Minerals (TSE:ALS) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Altius Minerals Co. (TSE:ALS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$26.27 and traded as low as C$22.33. Altius Minerals shares last traded at C$22.47, with a volume of 74,736 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$27.00 to C$33.00 in a research report on Monday, December 23rd. TD Securities dropped their price objective on shares of Altius Minerals from C$32.00 to C$31.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, BMO Capital Markets upped their price objective on Altius Minerals from C$23.00 to C$24.00 in a report on Thursday, January 30th.

Altius Minerals Stock Down 3.0 %

The business’s fifty day simple moving average is C$25.72 and its 200 day simple moving average is C$26.27. The company has a current ratio of 8.36, a quick ratio of 6.49 and a debt-to-equity ratio of 19.48. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 76.05 and a beta of 0.94.

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.