In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Altius Minerals (ALS). The company received a Buy rating from Canaccord Genuity’s analyst Carey MacRury, with a C$18.50 price target.
According to TipRanks.com, MacRury is a 4-star analyst with an average return of 8.3% and a 65.9% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Kirkland Lake Gold Ltd, and Eldorado Gold Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Altius Minerals with a C$17.17 average price target.
Altius Minerals’ market cap is currently C$544.6M and has a P/E ratio of 430.3. The company has a Price to Book ratio of 1.73.
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 Tuesday at C$12.67.
