FY2024 EPS Estimates for Altius Minerals Lowered by Analyst

Altius Minerals Co. (TSE:ALS) – Analysts at Raymond James reduced their FY2024 earnings estimates for Altius Minerals in a research note issued to investors on Thursday, January 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.29 per share for the year, down from their previous estimate of $0.30. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.07 EPS, Q4 2025 earnings at $0.10 EPS and FY2025 earnings at $0.37 EPS.

Altius Minerals (TSE:ALS) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.02). Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%.

ALS has been the subject of several other research reports. National Bankshares upped their price target on shares of Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Scotiabank upgraded Altius Minerals from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$27.00 to C$33.00 in a report on Monday, December 23rd.

Altius Minerals Stock Down 1.4 %

Shares of Altius Minerals stock opened at C$28.21 on Monday. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The stock has a market cap of C$1.31 billion, a price-to-earnings ratio of 91.00 and a beta of 0.94. The firm’s 50-day moving average is C$26.83 and its two-hundred day moving average is C$25.21. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$29.03.

Altius Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, November 29th. Altius Minerals’s 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.