Altius Minerals FY2024 EPS Estimate Cut by Raymond James

Altius Minerals Co. (TSE:ALS) – Research analysts at Raymond James dropped their FY2024 EPS estimates for Altius Minerals in a research report issued on Tuesday, January 28th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.27 for the year, down from their prior forecast of $0.29. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.05 EPS.

Several other equities analysts also recently commented on the stock. National Bankshares upped their price objective on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Scotiabank raised shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$27.00 to C$33.00 in a research report on Monday, December 23rd.

Altius Minerals Price Performance

TSE:ALS opened at C$27.26 on Thursday. Altius Minerals has a one year low of C$16.11 and a one year high of C$29.03. The company has a market cap of C$1.27 billion, a P/E ratio of 87.94 and a beta of 0.94. The firm’s fifty day moving average price is C$26.91 and its two-hundred day moving average price is C$25.31. 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 (TSE:ALS) last issued its earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%.

Altius Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 1.32%. Altius Minerals’s dividend 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.