Research Analysts Offer Predictions for Altius Minerals Co.’s Q3 2024 Earnings (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Stock analysts at Raymond James upped their Q3 2024 earnings per share estimates for Altius Minerals in a report released on Thursday, September 12th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.05. The consensus estimate for Altius Minerals’ current full-year earnings is $0.48 per share. Raymond James also issued estimates for Altius Minerals’ Q4 2024 earnings at $0.08 EPS.

Altius Minerals (TSE:ALS) last released its earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share for the quarter, meeting the consensus estimate of C$0.09. The company had revenue of C$19.52 million during the quarter, compared to the consensus estimate of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%.

Several other brokerages have also recently commented on ALS. Canaccord Genuity Group raised their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday. Scotiabank lifted their target price on Altius Minerals from C$23.00 to C$24.00 in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$25.97.

Altius Minerals Trading Up 0.8 %

Shares of ALS stock opened at C$26.17 on Monday. Altius Minerals has a fifty-two week low of C$16.11 and a fifty-two week high of C$27.43. The company has a 50 day moving average price of C$22.68 and a 200 day moving average price of C$21.70. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 84.42 and a beta of 0.93. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, August 30th. Altius Minerals’s dividend payout ratio (DPR) is presently 116.13%.

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.