Altius Minerals Co. (TSE:ALS - Free Report) - Analysts at Cormark dropped their FY2024 EPS estimates for Altius Minerals in a report issued on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.24 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. Cormark also issued estimates for Altius Minerals' Q4 2024 earnings at $0.04 EPS.
Other research analysts have also issued reports about the company. Canaccord Genuity Group boosted their price target on 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. Scotiabank boosted their target price on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 8th. Finally, National Bankshares increased their price target 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.
Read Our Latest Stock Report on ALS
Altius Minerals Stock Performance
Altius Minerals stock remained flat at C$24.74 during mid-day trading on Wednesday. The company's stock had a trading volume of 131,098 shares, compared to its average volume of 73,446. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 79.81 and a beta of 0.94. The firm's 50-day moving average is C$25.95 and its two-hundred day moving average is C$23.32. Altius Minerals has a one year low of C$16.11 and a one year high of C$27.43.
Altius Minerals Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, November 29th. Altius Minerals's dividend payout ratio is currently 116.13%.
About Altius Minerals
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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.
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