Raymond James Analysts Cut Earnings Estimates for Altius Minerals Co. (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Investment analysts at Raymond James decreased their Q2 2024 earnings per share (EPS) estimates for Altius Minerals in a research report issued on Monday, April 22nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.07. The consensus estimate for Altius Minerals’ current full-year earnings is $0.37 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.06 EPS and FY2024 earnings at $0.28 EPS.

Other analysts have also issued research reports about the company. National Bankshares decreased their price objective on Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Monday, January 8th. Scotiabank decreased their price target on Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. TD Securities raised Altius Minerals from a “hold” rating to a “buy” rating and raised their price target for the stock from C$22.00 to C$23.00 in a research note on Tuesday, March 12th. Finally, Canaccord Genuity Group raised their price target on Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Altius Minerals has a consensus rating of “Moderate Buy” and an average target price of C$22.71.

Altius Minerals Stock Down 0.1 %

ALS opened at C$20.97 on Thursday. The company has a quick ratio of 6.49, a current ratio of 11.23 and a debt-to-equity ratio of 18.38. The firm has a market cap of C$981.61 million, a P/E ratio of 104.85 and a beta of 0.93. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$22.40. The business’s fifty day simple moving average is C$19.64 and its 200 day simple moving average is C$19.14.

Altius Minerals (TSE:ALS) last posted its quarterly earnings data on Monday, March 11th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The company had revenue of C$16.10 million for the quarter, compared to analyst estimates of C$18.85 million. Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%.

Altius Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, March 15th. Altius Minerals’s dividend payout ratio is currently 160.00%.

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.