Altius Minerals Co. (ALS) Stock Rating Reaffirmed by Scotiabank

Altius Minerals Co. (TSE:ALS)‘s stock had its “sector perform” rating reiterated by investment analysts at Scotiabank in a research report issued on Friday. They currently have a C$13.50 target price on the stock. Scotiabank’s price target indicates a potential upside of 21.51% from the company’s previous close.

Separately, TD Securities reiterated a “buy” rating and set a C$16.50 target price on shares of Altius Minerals in a research report on Wednesday, August 23rd.

Shares of Altius Minerals (TSE:ALS) opened at 11.11 on Friday. The stock has a 50 day moving average of $11.65 and a 200-day moving average of $11.42. The company’s market capitalization is $481.45 million. Altius Minerals has a one year low of $9.41 and a one year high of $14.06.

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In related news, insider Benjamin Gerard Lewis purchased 3,900 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average cost of C$11.10 per share, for a total transaction of C$43,290.00. Also, insider Minerals Corporation Altius purchased 21,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average price of C$10.97 per share, with a total value of C$230,370.00. Over the last 90 days, insiders purchased 108,489 shares of company stock valued at $1,174,453.

About Altius Minerals

Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal.

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