FY2024 Earnings Estimate for Altius Minerals Co. (TSE:ALS) Issued By Raymond James

Altius Minerals Co. (TSE:ALS) – Equities researchers at Raymond James increased their FY2024 earnings per share (EPS) estimates for shares of Altius Minerals in a note issued to investors on Thursday, September 12th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.32 per share for the year, up from their previous estimate of $0.25. The consensus estimate for Altius Minerals’ current full-year earnings is $0.33 per share.

ALS has been the topic of several other research reports. Canaccord Genuity Group upped their price target on Altius Minerals from C$24.50 to C$25.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Scotiabank upped their price objective on Altius Minerals from C$23.00 to C$24.00 in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$25.47.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$26.79 on Friday. The stock’s 50-day moving average is C$22.47 and its two-hundred day moving average is C$21.55. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. Altius Minerals has a 1-year low of C$16.11 and a 1-year high of C$27.43. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of 86.42 and a beta of 0.93.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share for the quarter, hitting the consensus estimate of C$0.09. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. The company had revenue of C$19.52 million for the quarter, compared to the consensus estimate of C$19.10 million.

Altius Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.09 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. 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.