FY2024 EPS Estimate for Altius Minerals Reduced by Analyst

Altius Minerals Co. (TSE:ALS) – Analysts at Raymond James cut their FY2024 earnings per share estimates for shares of Altius Minerals in a note issued to investors on Tuesday, January 28th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.27 for the year, down from their prior estimate of $0.29. 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 $0.05 EPS.

Altius Minerals (TSE:ALS) last posted 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 return on equity of 2.32% and a net margin of 23.34%.

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

Altius Minerals Price Performance

Shares of TSE ALS opened at C$27.01 on Thursday. The stock has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 87.13 and a beta of 0.94. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$29.03. The firm has a 50-day simple moving average of C$26.93 and a 200-day simple moving average of C$25.37. 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 Announces Dividend

The company 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. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. Altius Minerals’s payout ratio 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.