Altius Minerals (TSE:ALS) Hits New 12-Month High – Still a Buy?

Altius Minerals Co. (TSE:ALS)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$27.50 and last traded at C$27.13, with a volume of 1720 shares. The stock had previously closed at C$26.90.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ALS shares. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$27.00 to C$33.00 in a research report on Monday. National Bankshares upped their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group raised their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday, September 16th.

Altius Minerals Stock Performance

The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. The business has a 50 day moving average price of C$26.23 and a 200 day moving average price of C$24.20. The stock has a market cap of C$1.27 billion, a P/E ratio of 88.45 and a beta of 0.94.

Altius Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.31%. Altius Minerals’s payout ratio is 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.