Altius Minerals Co. (TSE:ALS) Declares Quarterly Dividend of $0.09

Altius Minerals Co. (TSE:ALS) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.09 per share on Monday, September 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 30th.

Altius Minerals Price Performance

Shares of TSE ALS opened at C$23.55 on Thursday. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 75.97 and a beta of 0.93. Altius Minerals has a one year low of C$16.11 and a one year high of C$23.82. The company’s fifty day moving average is C$21.75 and its two-hundred day moving average is C$20.93. The company has a debt-to-equity ratio of 17.84, a quick ratio of 6.49 and a current ratio of 11.30.

Altius Minerals (TSE:ALS) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.09. The business had revenue of C$19.52 million during the quarter, compared to the consensus estimate of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. Analysts forecast that Altius Minerals will post 0.3258271 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Altius Minerals from C$24.50 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. Cormark boosted their target price on shares of Altius Minerals from C$30.00 to C$32.00 in a research note on Friday, May 10th. Scotiabank boosted their target price on shares of Altius Minerals from C$23.00 to C$24.00 in a research note on Monday, August 19th. Laurentian boosted their target price on shares of Altius Minerals from C$23.50 to C$23.75 in a research note on Thursday, May 9th. Finally, TD Securities upped their price objective on shares of Altius Minerals from C$25.00 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.47.

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.