Altius Minerals (ALS), the Materials sector company, was revisited by a Wall Street analyst on November 9. Scotiabank’s analyst Orest Wowkodaw reiterates their Hold rating on the shares, with a C$16.50 price target.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 16.3% and a 50.8% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.
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Currently, the analyst consensus on Altius Minerals is a Moderate Buy with an average price target of C$17.67.
Based on Altius Minerals’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$6.03 million. In comparison, last year the company had a net profit of C$6.75 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 Monday at C$13.33.
