Shares of Altius Minerals Co. (TSE:ALS – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$25.97.
Several brokerages have issued reports on ALS. Scotiabank lifted their price target on Altius Minerals from C$23.00 to C$24.00 in a research note on Monday, August 19th. Canaccord Genuity Group boosted their target price on Altius Minerals from C$25.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.
Check Out Our Latest Stock Report on Altius Minerals
Altius Minerals Stock Performance
Altius Minerals (TSE:ALS – Get Free Report) last posted 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. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. The business had revenue of C$19.52 million during the quarter, compared to analysts’ expectations of C$19.10 million. As a group, analysts expect that Altius Minerals will post 0.479506 earnings per share for the current fiscal year.
Altius Minerals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was 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 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.
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