FY2027 EPS Estimate for Altius Minerals Increased by Analyst

Altius Minerals Co. (TSE:ALS – Free Report) – Scotiabank increased their FY2027 earnings per share estimates for Altius Minerals in a report released on Thursday, May 14th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $1.30 for the year, up from their prior estimate of $1.12. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Altius Minerals’ current full-year earnings is $0.35 per share.

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Altius Minerals (TSE:ALS – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported C$0.11 earnings per share for the quarter. Altius Minerals had a return on equity of 41.51% and a net margin of 614.83%.The firm had revenue of C$22.17 million during the quarter.

Other analysts also recently issued reports about the company. TD Securities downgraded Altius Minerals from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. BMO Capital Markets lifted their price objective on Altius Minerals from C$44.00 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday. TD cut Altius Minerals from a “buy” rating to a “hold” rating and increased their target price for the company from C$52.00 to C$54.00 in a research note on Friday, April 10th. National Bank Financial raised their price target on shares of Altius Minerals from C$57.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Raymond James Financial upped their price target on shares of Altius Minerals from C$52.00 to C$59.00 in a report on Thursday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$53.36.

Check Out Our Latest Research Report on Altius Minerals

Altius Minerals Trading Down 1.9%

TSE ALS opened at C$55.45 on Friday. The stock has a market cap of C$3.09 billion, a P/E ratio of 8.86 and a beta of 0.36. The company’s fifty day simple moving average is C$49.24 and its 200-day simple moving average is C$44.60. The company has a current ratio of 15.11, a quick ratio of 6.49 and a debt-to-equity ratio of 9.98. Altius Minerals has a 52 week low of C$25.92 and a 52 week high of C$57.24.

Insider Activity

In related news, insider Mark Raguz purchased 1,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of C$40.20 per share, for a total transaction of C$40,200.00. Following the transaction, the insider owned 21,253 shares of the company’s stock, valued at C$854,370.60. This trade represents a 4.94% increase in their ownership of the stock. Also, Director Brian Dalton purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were bought at an average price of C$43.66 per share, for a total transaction of C$87,320.00. Following the completion of the transaction, the director directly owned 828,356 shares in the company, valued at approximately C$36,166,022.96. This trade represents a 0.24% increase in their position. Over the last ninety days, insiders purchased 5,600 shares of company stock valued at $235,322. 19.00% of the stock is currently owned by insiders.

Altius Minerals Company Profile

(Get Free Report)

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with global growth trends including increasing electricity-based market share within energy usage, global infrastructure build and refurbishment growth, increased EAF based steelmaking, steadily increasing agricultural fertilizer requirements and the enhanced appetite for financial asset diversification through precious metals ownership.

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