FY2024 EPS Estimates for Altius Minerals Boosted by Cormark

Altius Minerals Co. (TSE:ALS) – Equities researchers at Cormark raised their FY2024 earnings per share estimates for Altius Minerals in a report released on Wednesday, January 29th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.25 for the year, up from their prior estimate of $0.24. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Cormark also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.05 EPS.

A number of other equities research analysts have also weighed in on ALS. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd. BMO Capital Markets increased their target price on Altius Minerals from C$23.00 to C$24.00 in a report on Thursday. Finally, National Bankshares lifted their price target on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th.

Altius Minerals Stock Down 0.4 %

Shares of TSE:ALS opened at C$27.01 on Friday. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. Altius Minerals has a fifty-two week low of C$16.11 and a fifty-two week high of C$29.03. The stock has a market cap of C$1.26 billion, a price-to-earnings ratio of 87.13 and a beta of 0.94. The firm’s 50 day moving average price is C$26.93 and its 200 day moving average price is C$25.40.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 1.33%. Altius Minerals’s dividend payout ratio is currently 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.