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Altius Minerals Stock

Altius Minerals P/E 2024

Altius Minerals P/E

67.16

Ticker

ALS.TO

ISIN

CA0209361009

WKN

172912

As of Jul 31, 2024, Altius Minerals's P/E ratio was 67.16, a -39.09% change from the 110.26 P/E ratio recorded in the previous year.

The Altius Minerals P/E history

Altius Minerals Aktienanalyse

What does Altius Minerals do?

Altius Minerals Corp. is a Canadian mining company that was founded in 1997. The company is headquartered in St. John's, Newfoundland and Labrador, Canada. Altius is a versatile and diversified company that relies on various business fields. The company is involved in the exploration, development, and exploitation of mineral properties. Altius' business model is focused on long-term value creation and is based on three pillars: generating capital from the sale of mineral properties, generating ongoing returns through licensing fees, and direct ownership or participation in mining companies that conduct exploration and mining production. The company operates in several divisions, including the exploration and development of mineral-rich properties, the acquisition of licenses, and the acquisition of its own production facilities. Altius owns many mineral-rich properties in North America, including Newfoundland, Labrador, Quebec, Nevada, Arizona, and Chile. Altius specializes in the exploration and development of mineral resources. The company owns and operates active licenses and properties in various parts of the world. Altius is able to identify a variety of minerals such as nickel, copper, cobalt, palladium, platinum, silver, and gold. The company is also known for its efficiency in the exploration and development of mineral resources and has a team of highly qualified geologists and technicians. Altius also holds a significant stake in Labrador Iron Ore Royalty Corp. This company produces and ships iron ore from Canada. As one of the shareholders, Altius holds approximately 32% of the company's shares. As a result, the company can collect license fees through the production of iron ore and generate ongoing returns. Altius also has a stake in Altius Renewable Royalties Corp. and Anaconda Mining Inc. These companies produce renewable energy and gold, copper, and silver in Canada, respectively. Through this participation, Altius can further diversify its business fields and reduce risk. Overall, Altius offers a wide range of products and services, including mineral exploration, mine development, ongoing returns from licenses, and direct ownership or participation in mining companies. The company is known for its professional approach and efficiency in exploring and developing mineral resources. Altius is a versatile company focused on long-term value creation and concentrated on high-quality assets. Altius Minerals ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Altius Minerals's P/E Ratio

The Price to Earnings (P/E) Ratio of Altius Minerals is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Altius Minerals's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Altius Minerals is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Altius Minerals’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Altius Minerals stock

What is the price-to-earnings ratio of Altius Minerals?

The price-earnings ratio of Altius Minerals is currently 67.16.

How has the price-earnings ratio of Altius Minerals changed compared to last year?

The price-to-earnings ratio of Altius Minerals has increased by -39.09% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Altius Minerals high compared to other companies?

Yes, the price-to-earnings ratio of Altius Minerals is high compared to other companies.

How does an increase in the price-earnings ratio of Altius Minerals affect the company?

An increase in the price-earnings ratio of Altius Minerals would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Altius Minerals affect the company?

A decrease in the price-earnings ratio of Altius Minerals would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Altius Minerals?

Some factors that influence the price-earnings ratio of Altius Minerals are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Altius Minerals pay?

Over the past 12 months, Altius Minerals paid a dividend of 0.32 CAD . This corresponds to a dividend yield of about 1.48 %. For the coming 12 months, Altius Minerals is expected to pay a dividend of 0.34 CAD.

What is the dividend yield of Altius Minerals?

The current dividend yield of Altius Minerals is 1.48 %.

When does Altius Minerals pay dividends?

Altius Minerals pays a quarterly dividend. This is distributed in the months of October, December, May, July.

How secure is the dividend of Altius Minerals?

Altius Minerals paid dividends every year for the past 14 years.

What is the dividend of Altius Minerals?

For the upcoming 12 months, dividends amounting to 0.34 CAD are expected. This corresponds to a dividend yield of 1.55 %.

In which sector is Altius Minerals located?

Altius Minerals is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Altius Minerals kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Altius Minerals from 6/14/2024 amounting to 0.09 CAD, you needed to have the stock in your portfolio before the ex-date on 5/31/2024.

When did Altius Minerals pay the last dividend?

The last dividend was paid out on 6/14/2024.

What was the dividend of Altius Minerals in the year 2023?

In the year 2023, Altius Minerals distributed 0.3 CAD as dividends.

In which currency does Altius Minerals pay out the dividend?

The dividends of Altius Minerals are distributed in CAD.

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Andere Kennzahlen von Altius Minerals

Our stock analysis for Altius Minerals Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Altius Minerals Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.