Altius Minerals Co. Expected to Earn FY2021 Earnings of $0.57 Per Share (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Equities researchers at Raymond James boosted their FY2021 earnings per share estimates for shares of Altius Minerals in a research note issued to investors on Wednesday, May 12th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.57 per share for the year, up from their previous estimate of $0.52. Raymond James has a “Outperform” rating and a $20.00 price objective on the stock.

A number of other equities research analysts have also recently commented on the stock. Laurentian Bank of Canada increased their price target on shares of Altius Minerals to C$19.25 and gave the company a “buy” rating in a report on Tuesday, April 20th. Laurentian increased their price objective on shares of Altius Minerals from C$18.00 to C$19.25 in a research report on Tuesday, April 20th. TD Securities increased their price objective on shares of Altius Minerals from C$20.00 to C$21.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Scotiabank increased their price objective on shares of Altius Minerals from C$16.00 to C$17.00 in a research report on Monday, March 29th.

TSE:ALS opened at C$17.16 on Friday. The company’s 50 day moving average price is C$16.23 and its 200-day moving average price is C$14.37. Altius Minerals has a 52 week low of C$8.81 and a 52 week high of C$19.15. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 35.24. The stock has a market cap of C$711.42 million and a price-to-earnings ratio of -26.40.

Altius Minerals (TSE:ALS) last posted its quarterly earnings results on Wednesday, March 10th. The company reported C$0.18 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.01. The firm had revenue of C$21.96 million for the quarter, compared to analysts’ expectations of C$13.80 million.

In other Altius Minerals news, insider Altius Minerals Corporation purchased 19,700 shares of the firm’s stock in a transaction on Monday, March 29th. The shares were acquired at an average cost of C$14.31 per share, for a total transaction of C$281,907.00. Following the completion of the transaction, the insider now owns 39,400 shares of the company’s stock, valued at C$563,814.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Monday, May 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.17%. Altius Minerals’s dividend payout ratio (DPR) is -30.77%.

About Altius Minerals

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada and Brazil. The company owns royalty and streaming interests in 14 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal. It is also involved in the acquisition and management of renewable energy investments and royalties, as well as early-stage royalties and minority equity or project interests.

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Earnings History and Estimates for Altius Minerals (TSE:ALS)

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