What’s Propelling Altius Minerals Corporation to Decline So Much?

 What's Propelling Altius Minerals Corporation to Decline So Much?

The stock of Altius Minerals Corporation (TSE:ALS) is a huge mover today! About 18,741 shares traded hands. Altius Minerals Corporation (TSE:ALS) has declined 0.52% since March 31, 2016 and is downtrending. It has underperformed by 1.61% the S&P500.
The move comes after 9 months negative chart setup for the $493.62 million company. It was reported on Nov, 4 by Barchart.com. We have $10.22 PT which if reached, will make TSE:ALS worth $49.36 million less.

Altius Minerals Corporation (TSE:ALS) Ratings Coverage

Out of 2 analysts covering Altius Minerals (TSE:ALS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $15 is the highest target while $12.60 is the lowest. The $13.80 average target is 21.48% above today’s ($11.36) stock price. Altius Minerals has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc.

More notable recent Altius Minerals Corporation (TSE:ALS) news were published by: Marketwatch.com which released: “Altius Minerals Corp.” on April 27, 2011, also Marketwired.com with their article: “Altius Minerals Corporation: New Gold Prospects Discovered at Wilding Lake and …” published on September 20, 2016, Marketwired.com published: “Altius Minerals Corporation (TSX:ALS) Reports Quarterly Attributable Revenue …” on September 12, 2016. More interesting news about Altius Minerals Corporation (TSE:ALS) were released by: Seekingalpha.com and their article: “Altius Minerals: Recent Sell-Off Provides An Exceptional Opportunity (ATUSF)” published on November 19, 2014 as well as Seekingalpha.com‘s news article titled: “Altius Minerals: An Excellent Business Trading At A Discount” with publication date: December 24, 2013.

Altius Minerals Corporation is a mining royalty and mineral project generation company. The company has a market cap of $493.62 million. The Firm is engaged in the generation and acquisition of mineral resource projects, royalties and investments. It currently has negative earnings. The royalty interests cover mining activities producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal and metallurgical coal.

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