Altius Minerals (TSE:ALS) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Altius Minerals Co. (TSE:ALS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.98 and traded as high as C$26.01. Altius Minerals shares last traded at C$25.38, with a volume of 92,075 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ALS shares. Canaccord Genuity Group boosted their price target on shares of 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. Scotiabank boosted their target price on shares of 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. Finally, National Bankshares raised their price target on shares of 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.

Altius Minerals Stock Down 0.9 %

The stock has a 50-day moving average of C$26.22 and a 200 day moving average of C$23.99. The company has a market capitalization of C$1.18 billion, a PE ratio of 81.87 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.42%. Altius Minerals’s dividend payout ratio (DPR) is presently 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.