The share price of ) fell below its 200-day moving average on Tuesday during trading. Stock has a 200-day moving average of 16.33 and traded as low at $15.97. Altius Minerals' shares were last traded at $15.97, with 7,050 shares trading hands.
Wall Street analysts weigh in
Recent comments from a number of analysts on the company have been made. In a research note published on May 9th, Raymond James reduced their price target for Altius Minerals by C$27.50. In a report published on May 11th, Scotiabank reduced their price target on Altius Minerals from C$27.50 to C$27.00. The company's 50-day moving average is $16.22, and its 200-day moving average is $16.33.
Altius Minerals Reduces Dividend
A dividend was also paid by the firm on Friday 31st March. Dividends were paid to shareholders who had shares in their records on March 17th. The dividend was $0.058. This dividend became payable on Thursday, 16th March. This dividend yield is 1.45%.
Inflows of Institutional Capital and Outflows
A recent increase in the stock of Altius Minerals was made by an institutional investor. According to the most recent SEC disclosure, ) increased by 4.3% during the first quarter. The institutional investor now owns 73,000 shares after adding 3,000 more during the period. O Brien Greene & Co. Inc.'s holdings of Altius Minerals valued at $1,240,000 by the end the last quarter. Stocks of the company are owned by hedge funds and institutional investors, who own 18.41%.
Altius Minerals Company profile
Altius Minerals Corp. is a mineral property exploration and development company. It is divided into three segments: Mineral Royalties (streaming interests), Project Generation and Renewable Royalties. Mineral Royalties focuses on the management and acquisition of royalty and streaming interest at producing and development stages.
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