Altius Minerals (TSX: ALS), the Materials sector company was revisited on October 17, and remains undervalued for at least one analyst on the street. TD Securities’ analyst Craig Hutchison reiterates their Buy rating on the shares, with a C$18 price target.
According to TipRanks.com, Hutchison is a 4-star analyst with an average return of 15.7% and a 47.1% success rate. Hutchison covers the Basic Materials sector, focusing on stocks such as Taseko Mines Limited, Capstone Mining Corp, and Denison Mines.
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Altius Minerals has an analyst consensus of Moderate Buy, with a price target consensus of C$18.
The company has a one-year high of C$15.58 and a one-year low of C$11.50. Currently, Altius Minerals has an average volume of 43.07K.
Altius Minerals Corp. explores and develops mineral properties. It is a diversified minerals royalty company with focus on the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests include mining operations that produce thermal and metallurgical coal, potash, nickel, copper and cobalt.
The company’s shares closed on Friday at C$13.32.
