Altius Minerals FY2024 EPS Estimate Reduced by Raymond James

Altius Minerals Co. (TSE:ALS) – Research analysts at Raymond James cut their FY2024 EPS estimates for Altius Minerals in a note issued to investors on Tuesday, January 28th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.27 for the year, down from their previous forecast of $0.29. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.05 EPS.

Several other brokerages have also recently issued reports on ALS. National Bankshares upped their price objective on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. BMO Capital Markets raised their target price on Altius Minerals from C$23.00 to C$24.00 in a research note on Thursday. Finally, Scotiabank raised Altius Minerals from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$27.00 to C$33.00 in a research note on Monday, December 23rd.

Altius Minerals Stock Down 0.5 %

ALS stock opened at C$27.13 on Thursday. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The firm’s fifty day moving average is C$26.91 and its 200 day moving average is C$25.31. The firm has a market cap of C$1.26 billion, a PE ratio of 87.52 and a beta of 0.94. Altius Minerals has a one year low of C$16.11 and a one year high of C$29.03.

Altius Minerals (TSE:ALS) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%.

Altius Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. Altius Minerals’s dividend payout ratio (DPR) is presently 116.13%.

Altius Minerals Company Profile

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.