Altius Minerals (TSE:ALS) Rating Increased to Outperform at Scotiabank

Scotiabank upgraded shares of Altius Minerals (TSE:ALS) from a sector perform rating to an outperform rating in a research note published on Monday morning,BayStreet.CA reports. The brokerage currently has C$33.00 price target on the stock, up from their prior price target of C$27.00.

A number of other research analysts also recently issued reports on ALS. National Bankshares boosted their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Canaccord Genuity Group increased their price target on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday, September 16th.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$26.90 on Monday. The company has a market capitalization of C$1.25 billion, a PE ratio of 86.77 and a beta of 0.94. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$27.43. The firm has a fifty day simple moving average of C$26.21 and a 200 day simple moving average of C$24.16.

Altius Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, November 29th. Altius Minerals’s dividend payout ratio (DPR) is currently 116.13%.

About Altius Minerals

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.