Altius Minerals Q4 EPS Estimate Increased by Raymond James

Altius Minerals Co. (TSE:ALS) – Equities research analysts at Raymond James raised their Q4 2024 EPS estimates for shares of Altius Minerals in a research note issued to investors on Sunday, November 10th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.09 per share for the quarter, up from their previous estimate of $0.08. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Raymond James also issued estimates for Altius Minerals’ Q1 2025 earnings at $0.09 EPS and Q2 2025 earnings at $0.09 EPS.

Other equities research analysts have also issued research reports about the stock. National Bankshares boosted 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 report on Tuesday, October 15th. Scotiabank upped their price objective on Altius Minerals from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 8th. Finally, Canaccord Genuity Group raised their target price 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.

Altius Minerals Price Performance

The firm’s 50-day moving average price is C$25.89 and its 200-day moving average price is C$23.27. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. The company has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 82.61 and a beta of 0.94. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$27.43.

Altius Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, November 29th. Altius Minerals’s dividend payout ratio is currently 116.13%.

About Altius Minerals

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.