Brokers Offer Predictions for Altius Minerals Co.’s Q2 2022 Earnings (TSE:ALS)

Altius Minerals Co. (TSE:ALSGet Rating) – Equities researchers at Cormark cut their Q2 2022 earnings estimates for shares of Altius Minerals in a research report issued on Wednesday, April 20th. Cormark analyst R. Gray now expects that the company will earn $0.16 per share for the quarter, down from their prior estimate of $0.17. Cormark has a “Outperform” rating and a $30.00 price target on the stock. Cormark also issued estimates for Altius Minerals’ Q3 2022 earnings at $0.11 EPS, FY2022 earnings at $0.62 EPS and FY2023 earnings at $0.60 EPS.

ALS has been the topic of several other reports. Raymond James upped their price target on Altius Minerals from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank upped their price target on Altius Minerals from C$25.00 to C$26.00 in a research report on Wednesday, April 13th. TD Securities upped their price target on Altius Minerals from C$22.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, March 14th. BMO Capital Markets upped their price target on Altius Minerals from C$22.00 to C$23.00 in a research report on Wednesday. Finally, Canaccord Genuity Group upped their price objective on shares of Altius Minerals from C$27.00 to C$28.00 in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$24.44.

Shares of ALS opened at C$24.92 on Thursday. The business’s 50-day moving average price is C$23.28 and its 200-day moving average price is C$18.96. Altius Minerals has a twelve month low of C$14.92 and a twelve month high of C$25.71. The stock has a market cap of C$1.19 billion and a PE ratio of 26.51. The company has a quick ratio of 5.85, a current ratio of 5.85 and a debt-to-equity ratio of 21.94.

Altius Minerals (TSE:ALSGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported C$0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.21 by C($0.02). The business had revenue of C$23.46 million for the quarter, compared to analyst estimates of C$21.70 million.

About Altius Minerals (Get Rating)

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 12 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal.

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Earnings History and Estimates for Altius Minerals (TSE:ALS)

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