Altius Minerals Co. Declares Quarterly Dividend of $0.09 (TSE:ALS)

Altius Minerals Co. (TSE:ALS) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 0.09 per share on Monday, December 16th. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, November 29th.

Altius Minerals Trading Up 0.3 %

ALS stock traded up C$0.09 during mid-day trading on Wednesday, reaching C$26.55. 16,394 shares of the stock traded hands, compared to its average volume of 74,210. Altius Minerals has a one year low of C$16.11 and a one year high of C$27.43. The stock has a market capitalization of C$1.23 billion, a PE ratio of 85.58 and a beta of 0.94. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The business has a 50-day moving average price of C$26.19 and a two-hundred day moving average price of C$23.61.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ALS shares. National Bankshares raised their price objective on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Canaccord Genuity Group lifted their target price on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Scotiabank raised their price target on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 8th.

Altius Minerals Company Profile

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.