Brokers Issue Forecasts for Altius Minerals FY2025 Earnings

Altius Minerals Co. (TSE:ALS) – Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of Altius Minerals in a research note issued on Tuesday, October 28th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $0.44 for the year, up from their previous forecast of $0.35. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share.

A number of other research firms have also recently commented on ALS. Canaccord Genuity Group lifted their price target on Altius Minerals from C$38.00 to C$40.00 in a report on Friday, October 17th. National Bankshares lifted their price target on Altius Minerals from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Raymond James Financial lifted their price target on Altius Minerals from C$36.00 to C$37.00 in a report on Friday, October 10th. Finally, TD Securities upped their price objective on shares of Altius Minerals from C$34.00 to C$39.00 in a report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Altius Minerals presently has a consensus rating of “Buy” and an average price target of C$35.50.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$37.96 on Friday. The stock has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 18.25 and a beta of 0.26. The business has a 50-day moving average of C$32.73 and a 200-day moving average of C$29.26. The company has a debt-to-equity ratio of 19.48, a current ratio of 8.36 and a quick ratio of 6.49. Altius Minerals has a fifty-two week low of C$22.27 and a fifty-two week high of C$38.03.

Altius Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Altius Minerals’s previous quarterly dividend of $0.09. Altius Minerals’s payout ratio is currently 17.31%.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.