Altius Minerals Co. Expected to Post Q2 2022 Earnings of $0.17 Per Share (TSE:ALS)

Altius Minerals Co. (TSE:ALS – Get Rating) – Equities researchers at Cormark upped their Q2 2022 earnings estimates for Altius Minerals in a report released on Thursday, May 12th. Cormark analyst R. Gray now expects that the company will earn $0.17 per share for the quarter, up from their previous forecast of $0.16. Cormark has a “Outperform” rating and a $30.00 price objective on the stock. Cormark also issued estimates for Altius Minerals’ Q3 2022 earnings at $0.12 EPS, Q4 2022 earnings at $0.14 EPS and FY2023 earnings at $0.65 EPS.

Altius Minerals (TSE:ALS – Get Rating) last issued its earnings results on Wednesday, March 9th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The business had revenue of C$23.46 million during the quarter, compared to analyst estimates of C$21.70 million.

Other analysts also recently issued reports about the company. TD Securities cut their target price on Altius Minerals from C$31.00 to C$26.00 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group increased their price target on Altius Minerals from C$27.00 to C$28.00 in a report on Tuesday, April 19th. Raymond James increased their price target on Altius Minerals from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th. BMO Capital Markets increased their price target on Altius Minerals from C$22.00 to C$23.00 in a report on Wednesday, April 20th. Finally, Scotiabank lowered their price target on Altius Minerals from C$26.00 to C$25.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$24.00.

Shares of ALS opened at C$18.80 on Monday. Altius Minerals has a 52-week low of C$14.92 and a 52-week high of C$25.71. The company has a market capitalization of C$899.69 million and a PE ratio of 20.00. The stock has a fifty day simple moving average of C$22.93 and a two-hundred day simple moving average of C$19.52. The company has a quick ratio of 5.85, a current ratio of 5.85 and a debt-to-equity ratio of 21.94.

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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