Altius Minerals Co. (ALS) Trading Down 4.4%

Shares of Altius Minerals Co. (TSE:ALS) traded down 4.4% during mid-day trading on Wednesday . The company traded as low as C$11.86 and last traded at C$11.88. 38,157 shares were traded during mid-day trading, a decline of 20% from the average session volume of 47,562 shares. The stock had previously closed at C$12.43.

A number of analysts have recently issued reports on the company. Scotiabank restated a “sector perform” rating and issued a C$13.50 target price on shares of Altius Minerals in a report on Friday, September 15th. TD Securities increased their target price on Altius Minerals from C$16.50 to C$17.00 and gave the company a “buy” rating in a report on Friday, September 15th.

The firm’s market capitalization is $518.24 million. The stock’s 50 day moving average price is $12.03 and its 200-day moving average price is $11.32.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.12 annualized dividend and a yield of 1.00%.

In related news, Director Roger Lace acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were acquired at an average cost of C$11.58 per share, with a total value of C$115,800.00. Also, insider Minerals Corporation Altius acquired 21,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average cost of C$10.97 per share, for a total transaction of C$230,370.00. Insiders purchased a total of 41,000 shares of company stock worth $463,670 over the last ninety days.

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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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