Altius Minerals Co. Expected to Post Q1 2024 Earnings of $0.06 Per Share (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Equities research analysts at National Bank Financial reduced their Q1 2024 EPS estimates for shares of Altius Minerals in a research note issued to investors on Thursday, April 18th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.11. The consensus estimate for Altius Minerals’ current full-year earnings is $0.37 per share. National Bank Financial also issued estimates for Altius Minerals’ FY2025 earnings at $0.30 EPS.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a research note on Monday. National Bankshares cut their target price on Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research report on Monday, January 8th. TD Securities upgraded Altius Minerals from a “hold” rating to a “buy” rating and upped their price target for the company from C$22.00 to C$23.00 in a research report on Tuesday, March 12th. Finally, Scotiabank dropped their price objective on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$22.71.

Altius Minerals Trading Down 1.7 %

Shares of ALS stock opened at C$21.05 on Monday. The company has a debt-to-equity ratio of 18.38, a quick ratio of 6.49 and a current ratio of 11.23. The firm has a fifty day moving average of C$19.46 and a 200-day moving average of C$19.13. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$22.40. The stock has a market cap of C$985.35 million, a price-to-earnings ratio of 105.25 and a beta of 0.93.

Altius Minerals (TSE:ALS) last issued its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. The firm had revenue of C$16.10 million for the quarter, compared to the consensus estimate of C$18.85 million.

Altius Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, March 15th. This represents a $0.32 annualized dividend and a yield of 1.52%. Altius Minerals’s dividend payout ratio (DPR) is 160.00%.

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.