Altius Minerals (ALS) Received its Third Buy in a Row


Analysts seem to be optimistic about Altius Minerals (ALS) lately, as after Scotiabank and Canaccord Genuity rated the stock a Buy this past month, there is another positive note, this time from Raymond James. Raymond James’ analyst Brian MacArthur reiterates their Buy rating on the shares today.

According to TipRanks.com, MacArthur is a 1-star analyst with an average return of -0.7% and a 48.2% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Altius Minerals with a C$16.83 average price target.

The company has a one-year high of C$14.80 and a one-year low of C$10.04. Currently, Altius Minerals has an average volume of 69.06K.

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$12.14.

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