Scotiabank Boosts Earnings Estimates for Altius Minerals

Altius Minerals Co. (TSE:ALS) – Stock analysts at Scotiabank boosted their FY2026 EPS estimates for shares of Altius Minerals in a research report issued to clients and investors on Thursday, June 18th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.89 per share for the year, up from their previous forecast of $0.85. Scotiabank has a “Sector Perform” rating and a $58.00 price objective on the stock. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Scotiabank also issued estimates for Altius Minerals’ FY2027 earnings at $1.34 EPS.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group increased their price objective on Altius Minerals from C$51.00 to C$60.00 in a research note on Tuesday, May 12th. TD Securities lowered Altius Minerals from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. TD cut Altius Minerals from a “buy” rating to a “hold” rating and upped their target price for the stock from C$52.00 to C$54.00 in a report on Friday, April 10th. National Bank Financial increased their price target on Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets lifted their price objective on Altius Minerals from C$44.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Altius Minerals currently has a consensus rating of “Hold” and a consensus price target of C$56.36.

Altius Minerals Stock Down 0.6%

Shares of TSE ALS opened at C$59.76 on Friday. The company has a debt-to-equity ratio of 6.56, a quick ratio of 6.49 and a current ratio of 9.96. The firm has a market capitalization of C$3.33 billion, a price-to-earnings ratio of 9.55 and a beta of 0.39. The stock has a 50 day moving average price of C$54.10 and a 200 day moving average price of C$47.61. Altius Minerals has a 52-week low of C$26.59 and a 52-week high of C$62.07.

Altius Minerals (TSE:ALS) last issued its earnings results on Tuesday, May 12th. The company reported C$0.11 EPS for the quarter. Altius Minerals had a net margin of 543.91% and a return on equity of 32.43%. The business had revenue of C$22.17 million for the quarter.

Insider Activity

In other Altius Minerals news, insider Stephanie Hussey acquired 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of C$50.96 per share, with a total value of C$86,632.00. Following the completion of the acquisition, the insider directly owned 18,521 shares in the company, valued at C$943,830.16. This represents a 10.11% increase in their position. Corporate insiders own 19.00% of the company’s stock.

About Altius Minerals

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.