Altius Minerals Co. (TSE:ALS) Expected to Post Q2 2024 Earnings of $0.06 Per Share

Altius Minerals Co. (TSE:ALS) – Equities research analysts at Raymond James cut their Q2 2024 EPS estimates for Altius Minerals in a note issued to investors on Monday, April 22nd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate 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.

ALS has been the topic of a number of other reports. TD Securities raised shares of Altius Minerals from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$22.00 to C$23.00 in a research report on Tuesday, March 12th. Scotiabank decreased their target price on shares of Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 6th. Canaccord Genuity Group upped their target price on shares of Altius Minerals from C$24.00 to C$24.50 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, National Bankshares decreased their target price on shares of Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$22.71.

Altius Minerals Trading Up 1.9 %

Shares of ALS stock opened at C$22.05 on Thursday. The stock has a market cap of C$1.03 billion, a price-to-earnings ratio of 110.25 and a beta of 0.93. The company has a quick ratio of 6.49, a current ratio of 11.23 and a debt-to-equity ratio of 18.38. Altius Minerals has a fifty-two week low of C$16.11 and a fifty-two week high of C$22.40. The firm’s 50 day moving average price is C$19.84 and its two-hundred day moving average price is C$19.16.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). The business 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. Investors of record on Monday, March 18th were issued a $0.08 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.45%. 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.