The Materials sector company, Altius Minerals (ALS), has received a rating update from a Wall Street analyst today. Analyst Brian MacArthur from Raymond James rated Altius Minerals (ALS) a Buy, setting a C$17 price target.
According to TipRanks.com, MacArthur has 0 stars on 0-5 star ranking scale with an average return of -2.8% and a 40.7% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Trevali Mining Corporation, and Osisko Gold Royalties Ltd.
Altius Minerals has an analyst consensus of Moderate Buy, with a price target consensus of C$17.75.
Based on Altius Minerals’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$12.58 million. In comparison, last year the company had a net profit of C$2.53 million.
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 Thursday at C$12.35.
