Q1 2022 EPS Estimates for Altius Minerals Co. (TSE:ALS) Boosted by Analyst

Altius Minerals Co. (TSE:ALS – Get Rating) – Raymond James raised their Q1 2022 earnings per share (EPS) estimates for Altius Minerals in a note issued to investors on Tuesday, April 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.22 for the quarter, up from their prior forecast of $0.21. Raymond James has a “Outperform” rating and a $26.00 price objective on the stock. Raymond James also issued estimates for Altius Minerals’ Q2 2022 earnings at $0.23 EPS, Q3 2022 earnings at $0.15 EPS, Q4 2022 earnings at $0.12 EPS, FY2022 earnings at $0.73 EPS, Q1 2023 earnings at $0.18 EPS, Q2 2023 earnings at $0.17 EPS, Q3 2023 earnings at $0.17 EPS, Q4 2023 earnings at $0.18 EPS and FY2023 earnings at $0.70 EPS.

Altius Minerals (TSE:ALS – Get Rating) last posted its quarterly earnings data on Wednesday, March 9th. The company reported C$0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.21 by C($0.02). The firm had revenue of C$23.46 million for the quarter, compared to analysts’ expectations of C$21.70 million.

Several other research firms have also recently issued reports on ALS. Cormark boosted their target price on Altius Minerals from C$27.00 to C$30.00 and gave the company an “outperform” rating in a research note on Monday, March 7th. Scotiabank upped their price objective on shares of Altius Minerals from C$25.00 to C$26.00 in a report on Wednesday, April 13th. Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$27.00 to C$28.00 in a research report on Tuesday. BMO Capital Markets raised their price objective on shares of Altius Minerals from C$22.00 to C$23.00 in a report on Wednesday. Finally, TD Securities upped their target price on Altius Minerals from C$22.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday, March 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$24.44.

ALS opened at C$24.92 on Thursday. The company has a debt-to-equity ratio of 21.94, a current ratio of 5.85 and a quick ratio of 5.85. Altius Minerals has a 1 year low of C$14.92 and a 1 year high of C$25.71. The stock’s 50 day simple moving average is C$23.28 and its 200 day simple moving average is C$18.96. The firm has a market cap of C$1.19 billion and a price-to-earnings ratio of 26.51.

Altius Minerals Company Profile (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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