Altius Minerals (TSE:ALS – Free Report) had its price objective lifted by Scotiabank from C$23.00 to C$24.00 in a report released on Monday morning, BayStreet.CA reports.
Several other equities analysts have also recently weighed in on ALS. Laurentian raised their target price on shares of Altius Minerals from C$23.50 to C$23.75 in a research note on Thursday, May 9th. Cormark increased their price objective on shares of Altius Minerals from C$30.00 to C$32.00 in a report on Friday, May 10th. TD Securities lifted their target price on Altius Minerals from C$25.00 to C$26.00 and gave the stock a buy rating in a report on Tuesday, May 7th. National Bankshares boosted their target price on Altius Minerals from C$25.00 to C$26.00 in a research report on Friday, May 10th. Finally, Canaccord Genuity Group raised their price target on Altius Minerals from C$24.50 to C$25.00 and gave the company a buy rating in a report on Friday, June 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Altius Minerals presently has a consensus rating of Moderate Buy and a consensus price target of C$25.47.
Read Our Latest Stock Analysis on ALS
Altius Minerals Stock Performance
Altius Minerals (TSE:ALS – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.09 earnings per share 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%. Equities research analysts forecast that Altius Minerals will post 0.36061 EPS for the current fiscal year.
Altius Minerals Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, August 30th. Altius Minerals’s payout ratio is 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.
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