FY2024 EPS Estimates for Altius Minerals Boosted by Cormark

Altius Minerals Co. (TSE:ALS - Free Report) - Equities research analysts at Cormark boosted their FY2024 earnings per share (EPS) estimates for Altius Minerals in a research note issued to investors on Wednesday, January 29th. Cormark analyst R. Gray now anticipates that the company will earn $0.25 per share for the year, up from their previous forecast of $0.24. The consensus estimate for Altius Minerals' current full-year earnings is $0.35 per share. Cormark also issued estimates for Altius Minerals' Q4 2024 earnings at $0.05 EPS.

Several other equities research analysts have also recently weighed in on the stock. National Bankshares increased their price objective on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Scotiabank raised Altius Minerals from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$27.00 to C$33.00 in a research note on Monday, December 23rd. Finally, 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, January 30th.

Altius Minerals Trading Up 0.9 %

Shares of ALS stock traded up C$0.26 on Friday, hitting C$27.69. The company had a trading volume of 42,400 shares, compared to its average volume of 83,447. The firm has a market cap of C$1.29 billion, a P/E ratio of 89.32 and a beta of 0.94. The stock's 50-day moving average is C$26.93 and its two-hundred day moving average is C$25.43. 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 twelve month low of C$16.11 and a twelve month high of C$29.03.

Altius Minerals (TSE:ALS - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share (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%.

Altius Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, November 29th. Altius Minerals's payout ratio is 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.