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

Altius Minerals Co. (TSE:ALS) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.09 per share on Monday, September 16th. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, August 30th.

Altius Minerals Stock Performance

Shares of ALS stock opened at C$23.72 on Wednesday. The company has a debt-to-equity ratio of 17.84, a current ratio of 11.30 and a quick ratio of 6.49. Altius Minerals has a fifty-two week low of C$16.11 and a fifty-two week high of C$23.82. The stock’s 50-day moving average is C$21.71 and its two-hundred day moving average is C$20.91. The firm has a market cap of C$1.10 billion, a P/E ratio of 76.52 and a beta of 0.93.

Altius Minerals (TSE:ALS) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.09 EPS for the quarter, meeting analysts’ consensus estimates of C$0.09. The business had revenue of C$19.52 million for the quarter, compared to analyst estimates of C$19.10 million. Altius Minerals had a return on equity of 2.32% and a net margin of 23.34%. Analysts predict that Altius Minerals will post 0.3258271 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Scotiabank increased their price objective on Altius Minerals from C$23.00 to C$24.00 in a report on Monday, August 19th. National Bankshares increased their price objective on Altius Minerals from C$25.00 to C$26.00 in a report on Friday, May 10th. Cormark increased their price objective on Altius Minerals from C$30.00 to C$32.00 in a report on Friday, May 10th. Canaccord Genuity Group increased their price objective on Altius Minerals from C$24.50 to C$25.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Laurentian increased their target price on Altius Minerals from C$23.50 to C$23.75 in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Altius Minerals currently has an average rating of “Moderate Buy” and a consensus target price of C$25.47.

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.