Raymond James Weighs in on Altius Minerals FY2024 Earnings

Altius Minerals Co. (TSE:ALS) – Equities research analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Altius Minerals in a research note issued to investors on Sunday, November 10th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.30 per share for the year, down from their prior forecast of $0.32. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share.

ALS has been the subject of several other reports. Canaccord Genuity Group increased their target price on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday, September 16th. National Bankshares increased their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Scotiabank lifted their target price on Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$25.26 on Wednesday. The firm has a 50-day moving average of C$25.97 and a two-hundred day moving average of C$23.33. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 81.48 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 has a twelve month low of C$16.11 and a twelve month high of C$27.43.

Altius Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 1.43%. Altius Minerals’s dividend payout ratio (DPR) 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.