Equities Analysts Set Expectations for Altius Minerals Co.’s Q2 2024 Earnings (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Equities research analysts at Raymond James cut their Q2 2024 earnings per share (EPS) estimates for Altius Minerals in a report released on Monday, April 22nd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.06 per share 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 research analysts have also recently issued reports about the company. TD Securities raised Altius Minerals from a “hold” rating to a “buy” rating and raised their price objective for the company from C$22.00 to C$23.00 in a research note on Tuesday, March 12th. National Bankshares cut their target price 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 cut their target price 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. Finally, Canaccord Genuity Group raised their price objective on shares of Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Altius Minerals presently has an average rating of “Moderate Buy” and a consensus target price of C$22.71.

Altius Minerals Stock Up 3.1 %

Shares of TSE:ALS opened at C$21.63 on Thursday. The stock’s 50-day moving average price is C$19.74 and its 200-day moving average price is C$19.16. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$22.40. The stock has a market capitalization of C$1.01 billion, a P/E ratio of 108.15 and a beta of 0.93. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38.

Altius Minerals (TSE:ALS) last released its earnings results 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 firm had revenue of C$16.10 million during the quarter, compared to the consensus estimate 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 business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, March 15th. Altius Minerals’s dividend payout ratio (DPR) is presently 160.00%.

Altius Minerals Company Profile

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.