Research Analysts Set Expectations for Altius Minerals Co.’s Q2 2022 Earnings (TSE:ALS)

Altius Minerals Co. (TSE:ALS – Get Rating) – Equities researchers at Raymond James raised their Q2 2022 earnings per share (EPS) estimates for Altius Minerals in a report released on Thursday, May 12th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.24 per share for the quarter, up from their prior forecast of $0.23. Raymond James currently has a “Outperform” rating and a $26.00 target price on the stock. Raymond James also issued estimates for Altius Minerals’ Q3 2022 earnings at $0.17 EPS, Q4 2022 earnings at $0.13 EPS, FY2022 earnings at $0.76 EPS, Q1 2023 earnings at $0.17 EPS, Q4 2023 earnings at $0.17 EPS and FY2023 earnings at $0.68 EPS.

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

Several other research firms have also weighed in on ALS. TD Securities reduced their target price on Altius Minerals from C$31.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets lifted their price target on Altius Minerals from C$22.00 to C$23.00 in a research report on Wednesday, April 20th. Canaccord Genuity Group lifted their price target on Altius Minerals from C$27.00 to C$28.00 in a research report on Tuesday, April 19th. Scotiabank dropped their price target on Altius Minerals from C$26.00 to C$25.00 in a research report on Thursday. Finally, Cormark lifted their price target on Altius Minerals from C$27.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Monday, March 7th. 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, Altius Minerals presently has a consensus rating of “Hold” and an average target price of C$24.00.

ALS opened at C$18.80 on Monday. The business has a 50 day moving average price of C$22.93 and a 200 day moving average price of C$19.52. Altius Minerals has a twelve month low of C$14.92 and a twelve month high of C$25.71. The company has a debt-to-equity ratio of 21.94, a quick ratio of 5.85 and a current ratio of 5.85. The firm has a market cap of C$899.69 million and a P/E ratio of 20.00.

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.

Recommended Stories