Altius Minerals (TSE:ALS) Shares Pass Above 50 Day Moving Average – Should You Sell?

Altius Minerals Co. (TSE:ALS)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$26.71 and traded as high as C$28.54. Altius Minerals shares last traded at C$28.50, with a volume of 105,481 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ALS shares. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$27.00 to C$33.00 in a research report on Monday, December 23rd. National Bankshares upped their target price 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.

Altius Minerals Price Performance

The firm’s 50 day moving average is C$26.83 and its 200 day moving average is C$25.15. The firm has a market cap of C$1.33 billion, a P/E ratio of 92.26 and a beta of 0.94. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49.

Altius Minerals (TSE:ALS) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.02). Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. As a group, analysts anticipate that Altius Minerals Co. will post 0.3509869 earnings per share for the current year.

Altius Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, November 29th. Altius Minerals’s dividend payout ratio 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.