Cormark Decreases Earnings Estimates for Altius Minerals

Altius Minerals Co. (TSE:ALS) – Equities researchers at Cormark decreased their FY2024 EPS estimates for Altius Minerals in a research report issued to clients and investors on Monday, November 11th. Cormark analyst R. Gray now expects that the company will earn $0.24 per share for the year, down from their previous estimate of $0.29. 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 $0.04 EPS.

Several other analysts have also issued reports on the stock. Scotiabank upped their price target on shares of Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Canaccord Genuity Group upped their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, National Bankshares upped their price target on shares of 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.

Altius Minerals Stock Performance

Shares of ALS opened at C$24.74 on Wednesday. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$27.43. The firm has a fifty day simple moving average of C$25.97 and a 200 day simple moving average of C$23.33. The stock has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 79.81 and a beta of 0.94. The company has a current ratio of 11.30, a quick ratio of 6.49 and a debt-to-equity ratio of 17.84.

Altius Minerals Dividend Announcement

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