Altius Minerals Co. (TSE:ALS) Forecasted to Post FY2019 Earnings of $0.49 Per Share

Altius Minerals Co. (TSE:ALS) – Cormark decreased their FY2019 earnings per share (EPS) estimates for shares of Altius Minerals in a research note issued to investors on Monday, November 11th. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.49 for the year, down from their previous forecast of $0.52. Cormark also issued estimates for Altius Minerals’ Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.09 EPS and FY2020 earnings at $0.38 EPS.

Separately, Raymond James reissued an “outperform” rating and issued a C$16.50 price target on shares of Altius Minerals in a report on Monday.

Shares of ALS stock opened at C$11.13 on Wednesday. Altius Minerals has a 12-month low of C$10.04 and a 12-month high of C$13.76. The firm has a market capitalization of $454.99 million and a price-to-earnings ratio of -202.36. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 27.52. The firm has a fifty day moving average of C$10.97 and a 200-day moving average of C$11.89.

In other news, Senior Officer Benjamin Gerard Lewis purchased 2,600 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of C$11.20 per share, with a total value of C$29,120.00. Following the acquisition, the insider now directly owns 36,392 shares of the company’s stock, valued at C$407,590.40.

Altius Minerals Company Profile

Altius Minerals Corporation operates as a diversified mining royalty, streaming, and mineral project generation company in Canada and Brazil. The company owns royalty and streaming interests in 15 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal; and various pre-development stage royalty interests in mineral commodities.

Further Reading: What is an inverted yield curve?

Earnings History and Estimates for Altius Minerals (TSE:ALS)

Receive News & Ratings for Altius Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altius Minerals and related companies with's FREE daily email newsletter.