Altius Minerals Co. (TSE:ALS) to Issue $0.09 Quarterly Dividend

Altius Minerals Co. (TSE:ALS) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.09 per share on Monday, December 16th. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, November 29th.

Altius Minerals Stock Performance

Shares of TSE ALS traded up C$0.08 during trading on Wednesday, reaching C$26.54. 16,594 shares of the company traded hands, compared to its average volume of 74,224. The firm has a 50 day simple moving average of C$26.19 and a 200-day simple moving average of C$23.61. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$27.43. The stock has a market capitalization of C$1.23 billion, a PE ratio of 85.58 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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ALS shares. National Bankshares boosted their target price on shares of 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 upped their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Scotiabank raised their target price on Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th.

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.