Raymond James Comments on Altius Minerals Co.'s Q2 2024 Earnings (TSE:ALS)

Altius Minerals Co. (TSE:ALS - Free Report) - Equities researchers at Raymond James reduced their Q2 2024 earnings per share estimates for shares of Altius Minerals in a note issued to investors on Monday, April 22nd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.07. The consensus estimate for Altius Minerals' current full-year earnings is $0.37 per share. Raymond James also issued estimates for Altius Minerals' Q4 2024 earnings at $0.06 EPS and FY2024 earnings at $0.28 EPS.

Altius Minerals (TSE:ALS - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported C$0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.01). Altius Minerals had a return on equity of 1.66% and a net margin of 13.83%. The company had revenue of C$16.10 million for the quarter, compared to the consensus estimate of C$18.85 million.

A number of other equities research analysts have also weighed in on the company. Scotiabank cut their price objective on Altius Minerals from C$20.00 to C$18.50 and set a "sector perform" rating on the stock in a research report on Tuesday, February 6th. National Bankshares cut their price objective on Altius Minerals from C$24.00 to C$23.00 and set an "outperform" rating on the stock in a research report on Monday, January 8th. TD Securities upgraded Altius Minerals from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$22.00 to C$23.00 in a research report on Tuesday, March 12th. Finally, Canaccord Genuity Group lifted their price objective on Altius Minerals from C$24.00 to C$24.50 and gave the stock a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$22.71.

Altius Minerals Trading Up 3.1 %

ALS traded up C$0.66 on Thursday, hitting C$21.63. 41,510 shares of the company were exchanged, compared to its average volume of 80,820. The stock has a market capitalization of C$1.01 billion, a PE ratio of 108.15 and a beta of 0.93. Altius Minerals has a 12 month low of C$16.11 and a 12 month high of C$22.40. The firm has a fifty day simple moving average of C$19.74 and a two-hundred day simple moving average of C$19.16. The company has a debt-to-equity ratio of 18.38, a quick ratio of 6.49 and a current ratio of 11.23.

Altius Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, March 15th. Altius Minerals's payout ratio is presently 160.00%.

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.