Scotiabank Predicts Stronger Earnings for Altius Minerals

Altius Minerals Co. (TSE:ALS) – Research analysts at Scotiabank raised their FY2024 earnings per share estimates for shares of Altius Minerals in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $0.32 for the year, up from their previous estimate of $0.21. Scotiabank has a “Outperform” rating and a $33.00 price target 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.

Several other analysts have also recently weighed in on ALS. Canaccord Genuity Group lifted their price objective on shares of Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. National Bankshares lifted their price target on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th.

Altius Minerals Stock Up 1.1 %

ALS opened at C$27.05 on Friday. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30. The stock has a fifty day moving average of C$26.33 and a 200-day moving average of C$24.61. Altius Minerals has a fifty-two week low of C$16.11 and a fifty-two week high of C$27.61. The company has a market capitalization of C$1.26 billion, a P/E ratio of 87.26 and a beta of 0.94.

Altius Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, November 29th. Altius Minerals’s dividend payout ratio is currently 116.13%.

About Altius Minerals

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.