Altius Minerals FY2024 EPS Estimate Reduced by Raymond James

Altius Minerals Co. (TSE:ALS) – Investment analysts at Raymond James reduced their FY2024 earnings per share (EPS) estimates for shares of Altius Minerals in a report released on Thursday, January 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.29 per share for the year, down from their prior forecast of $0.30. 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 $0.07 EPS, Q4 2025 earnings at $0.10 EPS and FY2025 earnings at $0.37 EPS.

Several other equities analysts have also issued reports on ALS. Scotiabank raised shares of Altius Minerals from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd. National Bankshares increased 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 report on Tuesday, October 15th.

Altius Minerals Price Performance

ALS opened at C$27.16 on Monday. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The firm has a market capitalization of C$1.26 billion, a PE ratio of 87.61 and a beta of 0.94. The business’s 50-day moving average is C$26.89 and its two-hundred day moving average is C$25.30. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$29.03.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.09 dividend. 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 1.33%. 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.