Q4 EPS Estimates for Altius Minerals Boosted by Analyst

Altius Minerals Co. (TSE:ALS) – Equities research analysts at Raymond James increased their Q4 2024 earnings per share (EPS) estimates for shares of Altius Minerals in a research note issued to investors on Sunday, November 10th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.09 for the quarter, up from their prior forecast 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 analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price target on Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday, September 16th. National Bankshares increased their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Scotiabank boosted their target price on Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 8th.

Altius Minerals Price Performance

Shares of ALS opened at C$24.74 on Tuesday. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84. The firm’s fifty day simple moving average is C$25.97 and its 200-day simple moving average is C$23.33. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 79.81 and a beta of 0.94. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$27.43.

Altius Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 29th. Altius Minerals’s 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.