Cormark Estimates Altius Minerals’ FY2024 Earnings (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Investment analysts at Cormark upped their FY2024 EPS estimates for Altius Minerals in a research note issued on Wednesday, January 29th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.25 for the year, up from their prior forecast of $0.24. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Cormark also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.05 EPS.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Thursday. Scotiabank upgraded shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$27.00 to C$33.00 in a report on Monday, December 23rd. Finally, National Bankshares raised their target price on 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.

Altius Minerals Price Performance

Shares of ALS opened at C$27.01 on Friday. The firm has a market cap of C$1.26 billion, a PE ratio of 87.13 and a beta of 0.94. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$29.03. The business’s 50 day moving average price is C$26.93 and its two-hundred day moving average price is C$25.37. 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 (TSE:ALS) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%.

Altius Minerals Dividend Announcement

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