Raymond James Cuts Earnings Estimates for Altius Minerals

Altius Minerals Co. (TSE:ALS - Free Report) - Equities research analysts at Raymond James cut their FY2024 earnings estimates for Altius Minerals in a note issued to investors on Sunday, November 10th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.30 for the year, down from their previous forecast of $0.32. The consensus estimate for Altius Minerals' current full-year earnings is $0.35 per share.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group boosted their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the stock a "buy" rating in a research note on Monday, September 16th. National Bankshares boosted their target price on 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. Finally, Scotiabank raised their price target on Altius Minerals from C$24.00 to C$26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 8th.

Altius Minerals Price Performance

Shares of Altius Minerals stock remained flat at C$24.74 during trading hours on Wednesday. 131,098 shares of the stock were exchanged, 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. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$27.43. The business's 50 day simple moving average is C$25.95 and its 200 day simple moving average is C$23.32. The stock has a market cap of C$1.15 billion, a PE ratio of 79.81 and a beta of 0.94.

Altius Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.46%. 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.