Altius Minerals Stock Today

ALS Stock  CAD 20.55  0.08  0.39%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Altius Minerals is selling at 20.55 as of the 29th of March 2024; that is 0.39 percent up since the beginning of the trading day. The stock's open price was 20.47. Altius Minerals has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Altius Minerals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. Altius Minerals Corporation was incorporated in 1997 and is headquartered in St. ALTIUS MINERALS operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange.. The company has 46.81 M outstanding shares of which 861.32 K shares are presently shorted by private and institutional investors with about 8.03 days to cover all short positions. More on Altius Minerals

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Altius Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Altius Minerals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altius Minerals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOBrian Dalton
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors)
Altius Minerals' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Altius Minerals' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Altius Minerals' financial leverage. It provides some insight into what part of Altius Minerals' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Altius Minerals' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Altius Minerals deploys its capital and how much of that capital is borrowed.
Liquidity
Altius Minerals cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 120.87 M in total debt with debt to equity ratio (D/E) of 0.22, which may suggest the company is not taking enough advantage from borrowing. Altius Minerals has a current ratio of 8.29, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Altius Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Altius Minerals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altius Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altius to invest in growth at high rates of return. When we think about Altius Minerals' use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

10.84 Million
Altius Minerals (ALS) is traded on Toronto Exchange in Canada and employs 19 people. Altius Minerals is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 958.21 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altius Minerals's market, we take the total number of its shares issued and multiply it by Altius Minerals's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Altius Minerals operates under Metals & Mining sector and is part of Materials industry. The entity has 46.81 M outstanding shares of which 861.32 K shares are presently shorted by private and institutional investors with about 8.03 days to cover all short positions. Altius Minerals has accumulated about 82.39 M in cash with 36.51 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.25.
Check Altius Minerals Probability Of Bankruptcy
Ownership Allocation
Altius Minerals holds a total of 46.81 Million outstanding shares. Altius Minerals shows significant amount of outstanding shares owned by insiders and institutional investors .Since such a large part of the company is not owned by regular investors, we recommend to check if there were significant buying or selling the Altius Minerals stock in recent months. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Altius Ownership Details

Altius Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Altius Minerals jumping above the current price in 90 days from now is nearly 4.02%. The Altius Minerals probability density function shows the probability of Altius Minerals stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Altius Minerals has a beta of 0.6755. This suggests as returns on the market go up, Altius Minerals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Altius Minerals will be expected to be much smaller as well. Additionally, altius Minerals has an alpha of 0.0617, implying that it can generate a 0.0617 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 20.55HorizonTargetOdds Above 20.55
95.93%90 days
 20.55 
4.02%
Based on a normal probability distribution, the odds of Altius Minerals to move above the current price in 90 days from now is nearly 4.02 (This Altius Minerals probability density function shows the probability of Altius Stock to fall within a particular range of prices over 90 days) .

Altius Minerals Historical Income Statement

Altius Minerals Income Statement is one of the three primary financial statements used for reporting Altius's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Altius Minerals revenue and expense. Altius Minerals Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Altius Minerals' EBITDA is very stable compared to the past year. As of the 29th of March 2024, Total Operating Expenses is likely to grow to about 39.4 M, though Total Other Income Expense Net is likely to grow to (6.2 M). View More Fundamentals

Altius Stock Against Markets

Picking the right benchmark for Altius Minerals stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Altius Minerals stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Altius Minerals is critical whether you are bullish or bearish towards Altius Minerals at a given time. Please also check how Altius Minerals' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Altius Minerals without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Altius Minerals Corporate Directors

Altius Minerals corporate directors refer to members of an Altius Minerals board of directors. The board of directors generally takes responsibility for the Altius Minerals' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Altius Minerals' board members must vote for the resolution. The Altius Minerals board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Andre GaumondIndependent DirectorProfile
Guy BentinckDirectorProfile
Donald WarrIndependent DirectorProfile
Susan SherkIndependent DirectorProfile

How to buy Altius Stock?

Before investing in Altius Minerals, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Altius Minerals. To buy Altius Minerals stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Altius Minerals. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Altius Minerals stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Altius Minerals stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Altius Minerals stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Altius Minerals, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Altius Minerals?

The danger of trading Altius Minerals is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Altius Minerals is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Altius Minerals. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Altius Minerals is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altius Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Altius Minerals' price analysis, check to measure Altius Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Altius Minerals is operating at the current time. Most of Altius Minerals' value examination focuses on studying past and present price action to predict the probability of Altius Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altius Minerals' price. Additionally, you may evaluate how the addition of Altius Minerals to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Altius Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Altius Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altius Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.