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Altius Minerals FY2024 EPS Estimate Cut by Raymond James

Altius Minerals logo with Basic Materials background

Altius Minerals Co. (TSE:ALS - Free Report) - Analysts at Raymond James decreased their FY2024 earnings estimates for Altius Minerals in a report issued on Tuesday, January 28th. Raymond James analyst B. Macarthur now forecasts 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 - Get Free Report) 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 net margin of 23.34% and a return on equity of 2.32%.

Several other equities analysts also recently weighed in on ALS. National Bankshares lifted 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 research note on Tuesday, October 15th. BMO Capital Markets lifted their price objective on shares of Altius Minerals from C$23.00 to C$24.00 in a research note on Thursday. Finally, Scotiabank upgraded Altius Minerals from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$27.00 to C$33.00 in a research report on Monday, December 23rd.

Get Our Latest Analysis on Altius Minerals

Altius Minerals Stock Performance

Shares of ALS stock traded down C$0.12 on Thursday, hitting C$27.01. 195,798 shares of the stock were exchanged, compared to its average volume of 85,381. The firm's 50 day moving average is C$26.93 and its two-hundred day moving average is C$25.40. Altius Minerals has a one year low of C$16.11 and a one year high of C$29.03. The firm has a market capitalization of C$1.26 billion, a PE ratio of 87.13 and a beta of 0.94. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84.

Altius Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.33%. Altius Minerals's payout ratio is currently 116.13%.

Altius Minerals Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Altius Minerals (TSE:ALS)

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