FY2024 EPS Estimates for Altius Minerals Co. Lifted by Raymond James (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Equities research analysts at Raymond James boosted their FY2024 earnings per share (EPS) estimates for Altius Minerals in a report issued 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 prior forecast of $0.25. The consensus estimate for Altius Minerals’ current full-year earnings is $0.33 per share.

A number of other analysts have also issued reports on the company. Canaccord Genuity Group lifted their price target on Altius Minerals from C$24.50 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Scotiabank boosted their price objective on Altius Minerals from C$23.00 to C$24.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Altius Minerals has an average rating of “Moderate Buy” and an average target price of C$25.47.

Altius Minerals Stock Performance

Shares of TSE:ALS opened at C$26.79 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’s 50 day moving average price is C$22.47 and its 200-day moving average price is C$21.55. The firm has a market capitalization of C$1.24 billion, a PE ratio of 86.42 and a beta of 0.93. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.43.

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

Altius Minerals Dividend Announcement

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