Q3 2019 EPS Estimates for Altius Minerals Co. (TSE:ALS) Reduced by Analyst

Altius Minerals Co. (TSE:ALS) – Equities researchers at Cormark lowered their Q3 2019 earnings per share estimates for shares of Altius Minerals in a research report issued on Monday, August 12th. Cormark analyst R. Gray now forecasts that the company will earn $0.10 per share for the quarter, down from their prior estimate of $0.11. Cormark also issued estimates for Altius Minerals’ Q4 2019 earnings at $0.10 EPS, FY2019 earnings at $0.51 EPS, Q1 2020 earnings at $0.10 EPS, Q2 2020 earnings at $0.10 EPS, Q3 2020 earnings at $0.10 EPS, Q4 2020 earnings at $0.11 EPS, FY2020 earnings at $0.42 EPS and FY2021 earnings at $0.44 EPS.

ALS has been the subject of a number of other research reports. Canaccord Genuity cut their target price on shares of Altius Minerals from C$18.50 to C$18.00 in a research note on Wednesday, May 22nd. Raymond James reiterated an “outperform” rating and issued a C$17.00 target price on shares of Altius Minerals in a research note on Monday. Finally, Laurentian reiterated a “buy” rating and issued a C$17.50 target price on shares of Altius Minerals in a research note on Wednesday, June 19th.

TSE:ALS opened at C$11.21 on Wednesday. Altius Minerals has a 1 year low of C$10.04 and a 1 year high of C$13.93. The firm has a 50 day moving average of C$12.64 and a 200-day moving average of C$12.56. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 32.42. The stock has a market capitalization of $505.28 million and a P/E ratio of 96.64.

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 the Quick Ratio?

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 MarketBeat.com's FREE daily email newsletter.