In a latest note to investors, a research analyst has provided a rating update for the Altius Minerals (ALS). Analyst Carey MacRury from Canaccord Genuity remains bullish on the stock and has a C$18 price target.
According to TipRanks.com, MacRury is a 2-star analyst with an average return of 0.5% and a 50.0% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altius Minerals with a C$17.50 average price target, representing a 39.6% upside. In a report issued on May 9, Raymond James also maintained a Buy rating on the stock with a C$17 price target.
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Altius Minerals’ market cap is currently C$535.8M and has a P/E ratio of 104.2. The company has a Price to Book ratio of 1.56.
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 Wednesday at C$12.54.
