Raymond James Comments on Altius Minerals Co.’s FY2022 Earnings (TSE:ALS)


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Altius Minerals Co. (TSE:ALS) – Research analysts at Raymond James issued their FY2022 earnings per share estimates for shares of Altius Minerals in a research note issued on Monday, April 5th. Raymond James analyst B. Macarthur forecasts that the company will post earnings of $0.52 per share for the year. Raymond James has a “Outperform” rating and a $18.00 price target on the stock.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Wednesday, March 10th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.17 by C$0.01. The business had revenue of C$21.96 million for the quarter, compared to analyst estimates of C$13.80 million.

A number of other equities research analysts also recently commented on ALS. Scotiabank increased their price objective on Altius Minerals from C$16.00 to C$17.00 in a research report on Monday, March 29th. Laurentian increased their price objective on Altius Minerals from C$15.25 to C$17.75 in a research report on Tuesday, March 9th. TD Securities increased their price objective on Altius Minerals from C$18.00 to C$19.00 and gave the company a “na” rating in a research report on Thursday, March 11th. Finally, Laurentian Bank of Canada boosted their target price on shares of Altius Minerals from C$15.25 to C$17.75 in a research note on Tuesday, March 9th.

Shares of TSE:ALS opened at C$15.00 on Thursday. Altius Minerals has a one year low of C$7.45 and a one year high of C$17.46. The stock has a fifty day moving average of C$15.31 and a 200-day moving average of C$13.23. The company has a market capitalization of C$622.17 million and a PE ratio of -23.08. The company has a debt-to-equity ratio of 35.24, a quick ratio of 1.10 and a current ratio of 1.13.

Altius Minerals Company Profile

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada and Brazil. The company owns royalty and streaming interests in 14 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal. It is also involved in the acquisition and management of renewable energy investments and royalties, as well as early-stage royalties and minority equity or project interests.

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Earnings History and Estimates for Altius Minerals (TSE:ALS)

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