Cormark Estimates Altius Minerals' FY2026 Earnings (TSE:ALS)

Key Points

• Cormark has revised its FY2026 earnings estimate for Altius Minerals down to $0.43 per share, from a previous estimate of $0.59, while the consensus estimate stands at $0.35.
• The company announced an increase in its quarterly dividend to $0.10 per share, raising the annual dividend to $0.40 with a yield of 1.4%.
• Altius Minerals stock performed flat at C$28.78 amid trading activity, and its insider ownership stands at 19.00%.

Altius Minerals Co. (TSE:ALS - Free Report) - Stock analysts at Cormark cut their FY2026 earnings per share (EPS) estimates for shares of Altius Minerals in a report released on Wednesday, August 13th. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.43 for the year, down from their prior forecast of $0.59. The consensus estimate for Altius Minerals' current full-year earnings is $0.35 per share.

Other analysts have also recently issued research reports about the company. TD Securities lifted their price target on Altius Minerals from C$32.00 to C$34.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. National Bankshares lifted their price target on Altius Minerals from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$31.83.

Altius Minerals Stock Down 0.6%

Shares of Altius Minerals stock traded down C$0.17 during trading on Friday, reaching C$28.78. The company's stock had a trading volume of 52,704 shares, compared to its average volume of 88,246. The company has a 50-day simple moving average of C$28.09 and a two-hundred day simple moving average of C$26.68. Altius Minerals has a 1-year low of C$22.27 and a 1-year high of C$30.55. The company has a quick ratio of 6.49, a current ratio of 8.36 and a debt-to-equity ratio of 19.48. The company has a market cap of C$1.33 billion, a price-to-earnings ratio of 97.41 and a beta of 0.94.

Insider Buying and Selling

In other news, Senior Officer Mark Raguz purchased 1,400 shares of the firm's stock in a transaction on Friday, July 25th. The shares were bought at an average cost of C$28.41 per share, for a total transaction of C$39,778.20. Also, Senior Officer Benjamin Gerard Lewis sold 3,034 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$29.10, for a total value of C$88,289.40. Corporate insiders own 19.00% of the company's stock.

Altius Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.10 dividend. This is a boost from Altius Minerals's previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Altius Minerals's dividend payout ratio is currently 121.85%.

Altius Minerals Company Profile

Altius Minerals Corp is engaged in the business of obtaining diversified mining royalty. It holds interests in mining operations that produce metals and minerals such as copper, zinc, nickel, cobalt, gold, silver, and potash. The corporation also holds other pre-development stage royalty interests and various earlier stage royalties.