Brokers Set Expectations for Altius Minerals FY2024 Earnings

Altius Minerals Co. (TSE:ALS) – Research analysts at Raymond James dropped their FY2024 earnings per share estimates for shares of Altius Minerals in a research report issued on Thursday, January 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.29 for the year, down from their prior estimate of $0.30. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.07 EPS, Q4 2025 earnings at $0.10 EPS and FY2025 earnings at $0.37 EPS.

Several other analysts have also recently issued reports on ALS. Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd. National Bankshares raised their price target on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Altius Minerals Price Performance

ALS stock opened at C$27.16 on Monday. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$29.03. The firm has a market capitalization of C$1.26 billion, a PE ratio of 87.61 and a beta of 0.94. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The business has a 50 day simple moving average of C$26.89 and a 200-day simple moving average of C$25.30.

Altius Minerals (TSE:ALS) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%.

Altius Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. Altius Minerals’s payout ratio is 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.