Brokers Set Expectations for Altius Minerals FY2024 Earnings

Altius Minerals Co. (TSE:ALS) – National Bank Financial reduced their FY2024 earnings estimates for shares of Altius Minerals in a note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.23 per share for the year, down from their prior forecast of $0.27. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. National Bank Financial also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.02 EPS and FY2025 earnings at $0.16 EPS.

ALS has been the topic of a number of other reports. Scotiabank raised shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$27.00 to C$33.00 in a research note on Monday, December 23rd. BMO Capital Markets raised their price target on shares of Altius Minerals from C$23.00 to C$24.00 in a research report on Thursday, January 30th. Finally, National Bankshares boosted their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a report on Tuesday, October 15th.

Altius Minerals Price Performance

Shares of ALS opened at C$27.55 on Thursday. The stock has a market cap of C$1.28 billion, a P/E ratio of 88.87 and a beta of 0.94. The business’s fifty day moving average is C$27.00 and its 200 day moving average is C$25.53. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$29.03.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.05 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 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.