Altius Minerals Co. Expected to Earn Q3 2024 Earnings of $0.08 Per Share (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Analysts at Raymond James boosted their Q3 2024 earnings estimates for shares of Altius Minerals in a research report issued on Thursday, September 12th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.08 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 posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.09. Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%. The business had revenue of C$19.52 million for the quarter, compared to the consensus estimate of C$19.10 million.

Several other research analysts have also recently weighed in on ALS. Scotiabank boosted their target price on Altius Minerals from C$23.00 to C$24.00 in a report on Monday, August 19th. Canaccord Genuity Group lifted their price target on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$25.97.

Altius Minerals Stock Performance

Shares of TSE:ALS opened at C$26.17 on Monday. Altius Minerals has a 1 year low of C$16.11 and a 1 year high of C$27.43. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. The business’s 50 day moving average price is C$22.68 and its 200-day moving average price is C$21.70. The firm has a market capitalization of C$1.22 billion, a PE ratio of 84.42 and a beta of 0.93.

Altius Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend 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.