FY2024 EPS Forecast for Altius Minerals Decreased by Analyst

Altius Minerals Co. (TSE:ALS) – Research analysts at Cormark decreased their FY2024 earnings per share estimates for shares of Altius Minerals in a research report issued on Monday, November 11th. Cormark analyst R. Gray now expects that the company will earn $0.24 per share for the year, down from their previous estimate of $0.29. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Cormark also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.04 EPS.

A number of other equities research analysts have also recently commented on the company. Scotiabank lifted their price objective on Altius Minerals from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 8th. National Bankshares increased their price target on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group boosted their price objective on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a report on Monday, September 16th.

Altius Minerals Price Performance

Shares of ALS stock opened at C$25.26 on Wednesday. The firm’s 50 day moving average price is C$25.97 and its two-hundred day moving average price is C$23.33. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. Altius Minerals has a 52-week low of C$16.11 and a 52-week high of C$27.43. The stock has a market cap of C$1.17 billion, a PE ratio of 81.48 and a beta of 0.94.

Altius Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, November 29th. Altius Minerals’s payout ratio is presently 116.13%.

About Altius Minerals

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.