Cormark Issues Positive Outlook for Altius Minerals Earnings

Altius Minerals Co. (TSE:ALS) – Equities researchers at Cormark boosted their FY2024 earnings estimates for shares of Altius Minerals in a research report issued on Wednesday, January 29th. Cormark analyst R. Gray now forecasts that the company will earn $0.25 per share for the year, up from their prior estimate of $0.24. 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 $0.05 EPS.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.02). Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%.

Other equities research analysts have also recently issued research reports about the company. Scotiabank raised Altius Minerals from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$27.00 to C$33.00 in a research note on Monday, December 23rd. National Bankshares lifted their price objective on Altius Minerals from C$26.00 to C$32.50 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets upped their target price on Altius Minerals from C$23.00 to C$24.00 in a research report on Thursday.

Altius Minerals Price Performance

ALS stock opened at C$27.13 on Friday. 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$29.03. The company has a market capitalization of C$1.26 billion, a P/E ratio of 87.52 and a beta of 0.94. The company has a fifty day moving average price of C$26.91 and a 200-day moving average price of C$25.31.

Altius Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. Altius Minerals’s dividend payout ratio (DPR) 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.