FY2024 EPS Estimates for Altius Minerals Lifted by Analyst

Altius Minerals Co. (TSE:ALS) – Equities research analysts at Scotiabank boosted their FY2024 EPS estimates for Altius Minerals in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $0.32 per share for the year, up from their previous forecast of $0.21. Scotiabank has a “Outperform” rating and a $33.00 price objective on the stock. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Scotiabank also issued estimates for Altius Minerals’ FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.42 EPS.

Several other research analysts also recently commented on ALS. Canaccord Genuity Group lifted their target price on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. National Bankshares raised their target price on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th.

Altius Minerals Trading Up 3.3 %

Shares of ALS stock opened at C$27.94 on Friday. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The business has a 50-day moving average of C$26.36 and a 200 day moving average of C$24.68. The stock has a market capitalization of C$1.30 billion, a PE ratio of 90.13 and a beta of 0.94. Altius Minerals has a 1-year low of C$16.11 and a 1-year high of C$28.25.

Altius Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 1.29%. Altius Minerals’s dividend payout ratio (DPR) is presently 116.13%.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 11 operating mines covering copper, zinc, nickel, cobalt, potash, iron ore, precious metals, and thermal and metallurgical coal.