Altius Minerals (TSE:ALS) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Posted by Michael Walen on Dec 14th, 2024

Altius Minerals Co. (TSE:ALS – Get Free Report) shares crossed 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 traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ALS shares. Scotiabank upped 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. National Bankshares upped their price target on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group lifted their price objective 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.

Get Our Latest Stock Report on ALS

Altius Minerals Stock Performance

The firm has a market cap of C$1.18 billion, a price-to-earnings 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. The company has a 50 day moving average of C$26.22 and a 200 day moving average of C$23.98.

Altius Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, November 29th. Altius Minerals’s payout ratio is 116.13%.

About Altius Minerals

(Get Free Report)

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.