Altius Minerals (ALS) Reaches New 12-Month High at $15.20

Altius Minerals Co. (TSE:ALS) hit a new 52-week high on Tuesday . The stock traded as high as C$15.20 and last traded at C$14.74, with a volume of 65282 shares changing hands. The stock had previously closed at C$14.56.

Several equities research analysts have weighed in on ALS shares. Scotiabank reissued a “sector perform” rating and set a C$14.50 price target on shares of Altius Minerals in a research report on Tuesday, November 21st. TD Securities increased their price target 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. Finally, Raymond James Financial increased their price target 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.

The stock has a market cap of $658.61, a PE ratio of -11.68 and a beta of 0.67.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.16 annualized dividend and a yield of 1.05%. This is a boost from Altius Minerals’s previous quarterly dividend of $0.03. Altius Minerals’s dividend payout ratio is presently -9.16%.

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About Altius Minerals

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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