Altius Minerals Co. (TSE:ALS)‘s stock had its “buy” rating reiterated by equities research analysts at TD Securities in a research note issued on Wednesday. They presently have a C$16.50 target price on the stock. TD Securities’ price objective points to a potential upside of 35.91% from the company’s current price.
Separately, Scotiabank assumed coverage on Altius Minerals in a report on Tuesday, June 27th. They issued a “sector perform” rating and a C$14.00 price objective for the company.
Shares of Altius Minerals (TSE:ALS) traded down 0.66% during midday trading on Wednesday, reaching $12.06. The company had a trading volume of 20,247 shares. The stock’s market capitalization is $522.62 million. The company’s 50-day moving average is $11.06 and its 200-day moving average is $11.40. Altius Minerals has a 1-year low of $9.29 and a 1-year high of $14.06.
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In related news, insider Benjamin Gerard Lewis acquired 3,900 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was acquired at an average price of C$11.10 per share, with a total value of C$43,290.00. Also, Director James Digby Ronald Strauss acquired 4,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was bought at an average cost of C$10.24 per share, with a total value of C$40,960.00. In the last three months, insiders bought 91,489 shares of company stock valued at $985,043.
Altius Minerals Company Profile
Altius Minerals Corporation engages in generation and acquisition of mineral resource projects, royalties, and investments in Canada and Brazil. The company owns royalties and streams in 15 operating mines of copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal; and pre-development stage royalties in mineral commodities.
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