Equities Analysts Set Expectations for Altius Minerals Co.’s Q2 2024 Earnings (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Equities researchers at Raymond James cut their Q2 2024 earnings estimates for Altius Minerals in a report released on Monday, April 22nd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.07. The consensus estimate for Altius Minerals’ current full-year earnings is $0.37 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.06 EPS and FY2024 earnings at $0.28 EPS.

ALS has been the subject of several other reports. National Bankshares lowered their price objective on shares of Altius Minerals from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Scotiabank lowered their price objective on shares of Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 6th. TD Securities raised shares of Altius Minerals from a “hold” rating to a “buy” rating and raised their target price for the stock from C$22.00 to C$23.00 in a report on Tuesday, March 12th. Finally, Canaccord Genuity Group raised their target price on shares of Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$22.71.

Altius Minerals Trading Up 3.1 %

TSE:ALS opened at C$21.63 on Thursday. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$22.40. The firm has a fifty day simple moving average of C$19.74 and a 200-day simple moving average of C$19.16. The company has a current ratio of 11.23, a quick ratio of 6.49 and a debt-to-equity ratio of 18.38. The company has a market capitalization of C$1.01 billion, a P/E ratio of 108.15 and a beta of 0.93.

Altius Minerals (TSE:ALS) last announced its earnings results on Monday, March 11th. The company reported C$0.06 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.01). The firm had revenue of C$16.10 million during the quarter, compared to analyst estimates of C$18.85 million. Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%.

Altius Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.48%. Altius Minerals’s payout ratio is 160.00%.

Altius Minerals Company Profile

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.