The stock of Altius Minerals Corporation (TSE:ALS) hit a new 52-week high and has $12.98 target or 3.00% above today’s $12.60 share price. The 7 months bullish chart indicates low risk for the $575.52 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $12.98 price target is reached, the company will be worth $17.27 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 12,814 shares traded hands. Altius Minerals Corporation (TSE:ALS) has risen 11.32% since April 22, 2016 and is uptrending. It has outperformed by 5.31% the S&P500.
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 9.52% above today’s ($12.6) stock price. Altius Minerals has been the topic of 4 analyst reports since July 21, 2015 according to StockzIntelligence Inc.
More news for Altius Minerals Corporation (TSE:ALS) were recently published by: Marketwatch.com, which released: “Altius Minerals Corp.” on April 27, 2011. Marketwired.com‘s article titled: “Altius Minerals Corporation: New Gold Prospects Discovered at Wilding Lake and …” and published on September 20, 2016 is yet another important article.
Altius Minerals Corporation is a mining royalty and mineral project generation company. The company has a market cap of $575.52 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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