Altius Minerals Co. (TSE:ALS – Free Report) – Raymond James increased their FY2024 earnings estimates for shares of Altius Minerals in a report released on Thursday, September 12th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.32 per share for the year, up from their previous estimate of $0.25. The consensus estimate for Altius Minerals’ current full-year earnings is $0.33 per share.
Altius Minerals (TSE:ALS – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.09 EPS for the quarter, hitting the consensus estimate of C$0.09. The firm had revenue of C$19.52 million during the quarter, compared to analysts’ expectations of C$19.10 million. Altius Minerals had a net margin of 23.34% and a return on equity of 2.32%.
Read Our Latest Stock Report on Altius Minerals
Altius Minerals Stock Up 6.7 %
ALS stock opened at C$26.31 on Friday. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 84.87 and a beta of 0.93. 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 has a one year low of C$16.11 and a one year high of C$26.44. The company has a 50 day moving average price of C$22.36 and a two-hundred day moving average price of C$21.46.
Altius Minerals Announces Dividend
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 given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. Altius Minerals’s dividend payout ratio (DPR) is 116.13%.
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.
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