Scotiabank Increases Earnings Estimates for Altius Minerals

Key Points

• Scotiabank raised its FY2027 EPS estimate for Altius Minerals to C$1.29 from C$1.28, while maintaining a “Hold” rating.
• Altius Minerals reported quarterly EPS of C$0.14 on revenue of C$23.15 million, with a 27.08% return on equity and a 462.21% net margin.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of C$64.00; the stock opened at C$57.48, down 4.8%.

Altius Minerals Co. (TSE:ALS - Free Report) - Stock analysts at Scotiabank increased their FY2027 earnings per share estimates for Altius Minerals in a research note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $1.29 for the year, up from their previous forecast of $1.28. Scotiabank currently has a "Hold" rating on the stock. The consensus estimate for Altius Minerals' current full-year earnings is $0.35 per share.

Altius Minerals (TSE:ALS - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm had revenue of C$23.15 million during the quarter. Altius Minerals had a return on equity of 27.08% and a net margin of 462.21%.

Several other research firms also recently issued reports on ALS. Canaccord Genuity Group boosted their price objective on shares of Altius Minerals from C$60.00 to C$70.00 in a research note on Tuesday, August 11th. National Bank Financial increased their price objective on shares of Altius Minerals from C$70.00 to C$75.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Raymond James Financial raised their target price on shares of Altius Minerals from C$66.00 to C$69.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. ATB Cormark Capital Markets lifted their target price on shares of Altius Minerals from C$68.00 to C$79.00 in a report on Tuesday, July 14th. Finally, TD set a C$60.00 target price on shares of Altius Minerals and gave the company a "hold" rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$64.00.

Altius Minerals Trading Down 4.8%

TSE ALS opened at C$57.48 on Friday. Altius Minerals has a one year low of C$33.00 and a one year high of C$69.55. The company's 50 day moving average price is C$64.72 and its 200 day moving average price is C$59.21. The company has a debt-to-equity ratio of 6.47, a quick ratio of 6.49 and a current ratio of 13.49. The firm has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 9.12 and a beta of 0.47.

About Altius Minerals

Altius's strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.

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