What is Cormark’s Forecast for Altius Minerals Q3 Earnings?

Altius Minerals Co. (TSE:ALS) – Equities researchers at Cormark decreased their Q3 2024 EPS estimates for Altius Minerals in a report released on Monday, October 21st. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.11. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Cormark also issued estimates for Altius Minerals’ FY2024 earnings at $0.29 EPS.

A number of other equities research analysts have also commented on ALS. Scotiabank upped their target price on Altius Minerals from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Canaccord Genuity Group upped their price objective on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, National Bankshares increased their target price on Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.75.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$26.32 on Wednesday. The business’s 50 day moving average price is C$25.18 and its 200 day moving average price is C$22.81. The firm has a market cap of C$1.22 billion, a P/E ratio of 84.90 and a beta of 0.94. Altius Minerals has a 52 week low of C$16.11 and a 52 week high of C$27.43. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84.

Altius Minerals (TSE:ALS) last issued its earnings results on Thursday, August 8th. The company reported C$0.09 EPS for the quarter, meeting analysts’ consensus estimates of C$0.09. The firm had revenue of C$19.52 million for the quarter, compared to analyst estimates of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%.

Altius Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, August 30th. Altius Minerals’s dividend payout ratio is currently 116.13%.

About Altius Minerals

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.