Altius Minerals (ALS) Sets New 12-Month High at $15.06

Altius Minerals Co. (TSE:ALS) hit a new 52-week high during trading on Tuesday . The company traded as high as C$15.06 and last traded at C$14.95, with a volume of 64028 shares changing hands. The stock had previously closed at C$14.75.

A number of equities research analysts have recently commented on the stock. Scotiabank increased their target price on shares of Altius Minerals from C$14.50 to C$15.00 and gave the company a “sector perform” rating in a research report on Thursday, December 14th. Raymond James Financial increased their target price on shares of Altius Minerals from C$13.00 to C$14.50 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Finally, TD Securities increased their target price on shares of Altius Minerals from C$16.50 to C$17.00 and gave the company a “buy” rating in a research report on Friday, September 15th.

The firm has a market capitalization of $636.58, a price-to-earnings ratio of -11.25 and a beta of 0.67.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 4th. This is a positive change from Altius Minerals’s previous quarterly dividend of $0.03. Altius Minerals’s dividend payout ratio (DPR) is -9.16%.

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Altius Minerals Company Profile

Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal.

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