Altius Minerals Co. (TSE:ALS - Free Report) - Research analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for Altius Minerals in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $0.32 per share for the year, up from their prior estimate of $0.21. Scotiabank currently has a "Outperform" rating and a $33.00 price target on the stock. The consensus estimate for Altius Minerals' current full-year earnings is $0.35 per share. Scotiabank also issued estimates for Altius Minerals' FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.42 EPS.
A number of other research firms have also recently weighed in on ALS. Canaccord Genuity Group upped their target price on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a "buy" rating in a research note on Monday, September 16th. National Bankshares upped their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the company an "outperform" rating in a research note on Tuesday, October 15th.
View Our Latest Stock Analysis on ALS
Altius Minerals Price Performance
Shares of ALS stock traded up C$0.89 during mid-day trading on Friday, reaching C$27.94. The company's stock had a trading volume of 138,333 shares, compared to its average volume of 62,570. The firm's 50-day moving average is C$26.36 and its two-hundred day moving average is C$24.66. The company has a market cap of C$1.30 billion, a P/E ratio of 90.13 and a beta of 0.94. Altius Minerals has a 1-year low of C$16.11 and a 1-year high of C$28.25. 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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.29%. Altius Minerals's dividend payout ratio (DPR) is presently 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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