Scotiabank Raises Earnings Estimates for Altius Minerals

Altius Minerals Co. (TSE:ALS) – Equities researchers at Scotiabank raised their FY2024 earnings per share estimates for Altius Minerals in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $0.32 per share for the year, up from their previous forecast of $0.21. Scotiabank has a “Outperform” rating and a $33.00 price objective on the stock. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Scotiabank also issued estimates for Altius Minerals’ FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.42 EPS.

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

Altius Minerals Trading Up 3.3 %

ALS stock opened at C$27.94 on Friday. Altius Minerals has a one year low of C$16.11 and a one year high of C$28.25. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 90.13 and a beta of 0.94. The company has a fifty day moving average price of C$26.36 and a two-hundred day moving average price of C$24.66. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.29%. 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.