Shares of Altius Minerals Co. (TSE:ALS – Get Free Report) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$25.34.
A number of research firms recently commented on ALS. Scotiabank boosted their price objective on shares of Altius Minerals from C$22.00 to C$23.00 in a report on Thursday, May 30th. Canaccord Genuity Group boosted their price objective on shares of Altius Minerals from C$24.50 to C$25.00 and gave the stock a “buy” rating in a report on Friday. National Bankshares upped their price target on shares of Altius Minerals from C$25.00 to C$26.00 in a report on Friday, May 10th. Cormark upped their price target on shares of Altius Minerals from C$30.00 to C$32.00 in a report on Friday, May 10th. Finally, Laurentian upped their price target on shares of Altius Minerals from C$23.50 to C$23.75 in a report on Thursday, May 9th.
Check Out Our Latest Stock Report on ALS
Altius Minerals Stock Down 2.5 %
Altius Minerals (TSE:ALS – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.10 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.03. The firm had revenue of C$17.49 million for the quarter, compared to the consensus estimate of C$17.55 million. Altius Minerals had a net margin of 15.28% and a return on equity of 1.50%. As a group, equities research analysts predict that Altius Minerals will post 0.2895618 earnings per share for the current year.
Altius Minerals Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Altius Minerals’s previous quarterly dividend of $0.08. Altius Minerals’s payout ratio is currently 189.47%.
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.
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