Scotiabank Predicts Higher Earnings for Altius Minerals

Altius Minerals Co. (TSE:ALS) – Research analysts at Scotiabank boosted their FY2027 EPS estimates for shares of Altius Minerals in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $1.29 for the year, up from their prior estimate of $1.28. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share.

ALS has been the topic of several other research reports. National Bank Financial raised their price target on shares of Altius Minerals from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. TD set a C$60.00 price objective on Altius Minerals and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Raymond James Financial increased their price objective on Altius Minerals from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. ATB Cormark Capital Markets increased their price objective on Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Finally, Canaccord Genuity Group raised their target price on Altius Minerals from C$60.00 to C$70.00 in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Altius Minerals has a consensus rating of “Hold” and an average price target of C$64.00.

Altius Minerals Price Performance

Shares of ALS opened at C$57.48 on Friday. The company has a market cap of C$3.38 billion, a P/E ratio of 9.12 and a beta of 0.47. The stock has a fifty day moving average price of C$64.72 and a 200 day moving average price of C$59.21. The company has a debt-to-equity ratio of 6.47, a current ratio of 13.49 and a quick ratio of 6.49. Altius Minerals has a 12 month low of C$33.00 and a 12 month high of C$69.55.

Altius Minerals (TSE:ALS) last posted its quarterly earnings results on Monday, August 10th. The company reported C$0.14 EPS for the quarter. Altius Minerals had a net margin of 462.21% and a return on equity of 27.08%. The business had revenue of C$23.15 million during the quarter.

Altius Minerals Company Profile

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.