Cormark Analysts Cut Earnings Estimates for Altius Minerals

Altius Minerals Co. (TSE:ALS) – Analysts at Cormark dropped their FY2025 EPS estimates for shares of Altius Minerals in a report issued on Monday, November 11th. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.33 per share for the year, down from their previous estimate of $0.48. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share.

Other analysts have also issued research reports about the company. National Bankshares upped their target price on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Canaccord Genuity Group increased their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, 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.

Altius Minerals Trading Up 1.1 %

Altius Minerals stock opened at C$25.54 on Thursday. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 82.39 and a beta of 0.94. The firm has a 50-day moving average of C$26.01 and a 200-day moving average of C$23.34. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. 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. Stockholders of record on Friday, November 29th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.41%. Altius Minerals’s dividend payout ratio is currently 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.