What is Cormark’s Forecast for Altius Minerals Q3 Earnings?

Altius Minerals Co. (TSE:ALS) – Stock analysts at Cormark reduced their Q3 2024 EPS estimates for Altius Minerals in a research note issued on Monday, October 21st. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.11. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Cormark also issued estimates for Altius Minerals’ FY2024 earnings at $0.29 EPS.

Other equities research analysts have also recently issued research reports about the stock. National Bankshares lifted 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 report on Tuesday, October 15th. Scotiabank lifted their price objective on shares of Altius Minerals from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Finally, Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$27.75.

Altius Minerals Trading Up 1.8 %

Altius Minerals stock opened at C$26.32 on Wednesday. The stock has a market cap of C$1.22 billion, a P/E ratio of 84.90 and a beta of 0.94. 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 firm’s 50 day moving average price is C$25.18 and its 200-day moving average price is C$22.81.

Altius Minerals (TSE:ALS) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.09. The firm had revenue of C$19.52 million for the quarter, compared to analysts’ expectations of C$19.10 million. 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, September 16th. Investors of record on Friday, August 30th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, August 30th. Altius Minerals’s dividend payout ratio 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.