Cormark Has Negative Outlook of Altius Minerals Q3 Earnings

Altius Minerals Co. (TSE:ALS) – Stock analysts at Cormark reduced their Q3 2024 earnings per share (EPS) estimates for shares of Altius Minerals in a report issued on Monday, October 21st. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.11. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Cormark also issued estimates for Altius Minerals’ FY2024 earnings at $0.29 EPS.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 EPS for the quarter, meeting the consensus estimate of C$0.09. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. The business had revenue of C$19.52 million for the quarter, compared to the consensus estimate of C$19.10 million.

ALS has been the subject of a number of other research reports. Scotiabank upped their target price on 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. 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. Finally, Canaccord Genuity Group lifted their target price 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Altius Minerals presently has a consensus rating of “Moderate Buy” and an average price target of C$27.75.

Altius Minerals Trading Down 1.4 %

ALS opened at C$25.86 on Wednesday. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 83.42 and a beta of 0.94. The stock’s 50 day moving average price is C$25.10 and its 200-day moving average price is C$22.78. Altius Minerals has a one year low of C$16.11 and a one year high of C$27.43. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. 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.