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

Altius Minerals Co. (TSE:ALS) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.09 per share on Friday, June 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, May 31st. This is a positive change from Altius Minerals’s previous quarterly dividend of $0.08.

Altius Minerals Stock Performance

Shares of ALS traded up C$0.27 during trading hours on Friday, reaching C$22.56. 2,400 shares of the company traded hands, compared to its average volume of 78,073. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 111.45 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 12-month low of C$16.11 and a 12-month high of C$22.70. The business has a fifty day moving average price of C$20.70 and a 200-day moving average price of C$19.22.

Altius Minerals (TSE:ALS) last announced its quarterly earnings data on Monday, March 11th. The company reported C$0.06 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.01). Altius Minerals had a net margin of 13.83% and a return on equity of 1.66%. The company had revenue of C$16.10 million for the quarter, compared to analysts’ expectations of C$18.85 million. Equities analysts anticipate that Altius Minerals will post 0.3739763 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Scotiabank lowered their target price on shares of Altius Minerals from C$20.00 to C$18.50 and set a “sector perform” rating on the stock in a research note on Tuesday, February 6th. Laurentian upped their price target on shares of Altius Minerals from C$23.50 to C$23.75 in a research report on Thursday. TD Securities upped their price target on shares of Altius Minerals from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group upped their price target on shares of Altius Minerals from C$24.00 to C$24.50 and gave the stock a “buy” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.25.

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.