FY2024 EPS Estimates for Altius Minerals Raised by Analyst

Altius Minerals Co. (TSE:ALS) – Scotiabank boosted their FY2024 earnings per share estimates for Altius Minerals in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.32 per share for the year, up from their prior forecast of $0.21. Scotiabank currently has a “Outperform” rating and a $33.00 target price on the stock. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share. Scotiabank also issued estimates for Altius Minerals’ FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.42 EPS.

A number of other analysts have also commented on the stock. National Bankshares boosted their price objective on shares of 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. Canaccord Genuity Group boosted their price target on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

Altius Minerals Trading Up 1.1 %

TSE:ALS opened at C$27.05 on Friday. The company has a market cap of C$1.26 billion, a P/E ratio of 87.26 and a beta of 0.94. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$27.61. The business has a 50 day moving average price of C$26.33 and a two-hundred day moving average price of C$24.61. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84.

Altius Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, November 29th. 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.