Q1 2024 EPS Estimates for Altius Minerals Co. Cut by National Bank Financial (TSE:ALS)

Altius Minerals Co. (TSE:ALS) – Research analysts at National Bank Financial dropped their Q1 2024 earnings estimates for shares of Altius Minerals in a research report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.11. The consensus estimate for Altius Minerals’ current full-year earnings is $0.37 per share. National Bank Financial also issued estimates for Altius Minerals’ FY2025 earnings at $0.30 EPS.

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

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

Altius Minerals Stock Performance

TSE:ALS opened at C$20.99 on Monday. The company has a fifty day moving average of C$19.55 and a 200-day moving average of C$19.13. The firm has a market capitalization of C$982.54 million, a P/E ratio of 104.95 and a beta of 0.93. The company has a quick ratio of 6.49, a current ratio of 11.23 and a debt-to-equity ratio of 18.38. Altius Minerals has a twelve month low of C$16.11 and a twelve month high of C$22.40.

Altius Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.52%. Altius Minerals’s dividend payout ratio (DPR) is presently 160.00%.

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.