FY2025 EPS Estimates for Altius Minerals Reduced by Cormark

Altius Minerals Co. (TSE:ALS) – Investment analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for Altius Minerals in a note issued to investors on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will earn $0.33 per share for the year, down from their previous forecast of $0.48. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share.

Several other equities analysts have also issued reports on the company. Scotiabank upped their target price on Altius Minerals from C$24.00 to C$26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 8th. Canaccord Genuity Group lifted their target price on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, National Bankshares increased their price target on shares of Altius Minerals from C$26.00 to C$32.50 and gave the company an “outperform” rating in a research report on Tuesday, October 15th.

Altius Minerals Price Performance

Shares of TSE:ALS opened at C$24.74 on Thursday. The business’s 50 day moving average is C$25.97 and its 200 day moving average is C$23.33. Altius Minerals has a 12-month low of C$16.11 and a 12-month high of C$27.43. The stock has a market cap of C$1.15 billion, a price-to-earnings ratio of 79.81 and a beta of 0.94. The company has a quick ratio of 6.49, a current ratio of 11.30 and a debt-to-equity ratio of 17.84.

Altius Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 1.46%. Altius Minerals’s dividend payout ratio is currently 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.