Raymond James Lowers Earnings Estimates for Altius Minerals

Altius Minerals Co. (TSE:ALS) – Investment analysts at Raymond James cut their FY2024 earnings per share estimates for Altius Minerals in a research note issued on Thursday, January 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.29 for the year, down from their previous estimate of $0.30. 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 $0.07 EPS, Q4 2025 earnings at $0.10 EPS and FY2025 earnings at $0.37 EPS.

Other equities research analysts have also issued research reports about the stock. National Bankshares upped their target price on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd.

Altius Minerals Trading Up 0.4 %

Shares of Altius Minerals stock opened at C$28.60 on Monday. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84. The firm’s 50-day moving average price is C$26.83 and its 200 day moving average price is C$25.21. The firm has a market capitalization of C$1.33 billion, a PE ratio of 92.26 and a beta of 0.94. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$29.03.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.05 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 disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, November 29th. Altius Minerals’s payout ratio is currently 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.