Altius Minerals Co. (TSE:ALS) Expected to Post Q3 2024 Earnings of $0.08 Per Share

Altius Minerals Co. (TSE:ALS) – Stock analysts at Raymond James lifted their Q3 2024 earnings per share estimates for shares of Altius Minerals in a research note issued on Thursday, September 12th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.08 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Altius Minerals’ current full-year earnings is $0.48 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.08 EPS.

Altius Minerals (TSE:ALS) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 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 the consensus estimate of C$19.10 million. Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%.

Several other equities research analysts also recently issued reports on the stock. Scotiabank raised their price objective on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Monday, August 19th. Canaccord Genuity Group lifted their price target on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.97.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$25.97 on Monday. The company has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 83.77 and a beta of 0.93. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$27.43. The company has a 50-day simple moving average of C$22.57 and a 200 day simple moving average of C$21.64.

Altius Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. 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.