Altius Minerals (TSE:ALS) Shares Pass Above 50 Day Moving Average of $18.26

Altius Minerals Co. (TSE:ALS)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$18.26 and traded as high as C$20.67. Altius Minerals shares last traded at C$20.50, with a volume of 97,929 shares.

Analyst Upgrades and Downgrades

ALS has been the subject of a number of research analyst reports. National Bankshares lowered their price objective on shares of Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research report on Monday, January 8th. Scotiabank decreased their price target on shares of Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a research report on Tuesday, February 6th. Canaccord Genuity Group decreased their price target on shares of Altius Minerals from C$25.00 to C$24.00 in a research report on Wednesday, January 24th. Finally, TD Securities raised shares of Altius Minerals from a “hold” rating to a “buy” rating and raised their price target for the company from C$22.00 to C$23.00 in a research report on Tuesday, March 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$23.13.

Altius Minerals Price Performance

The company has a debt-to-equity ratio of 18.38, a quick ratio of 6.49 and a current ratio of 11.23. The company has a market capitalization of C$958.20 million, a PE ratio of 102.35 and a beta of 0.93. The company’s 50-day simple moving average is C$18.33 and its 200-day simple moving average is C$19.17.

Altius Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, March 15th. Altius Minerals’s payout ratio is currently 160.00%.

Altius Minerals Company Profile

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.