Altius Minerals heads into its next earnings report with higher EPS expectations, though it missed estimates in each of its two most recent quarters.
Altius Minerals Corporation (TSX: ALS) is scheduled to report results after the market closes on November 10, 2026, for the quarter ended September 30. Analysts expect EPS of C$0.23, up from C$0.17 a year earlier, and revenue of C$28.65 million. Estimates have risen over the past month, but the recent record is mixed: Altius beat estimates in two of its last four quarters and missed in the two most recent. For investors following Altius Minerals, the report will show whether its royalty portfolio can support the expected growth.
Recent earnings trend
Altius Minerals Corporation
ALS.TO
ALS.TO
Altius Minerals Corporation
WealthAwesomeMarket cap
$3.04B
P/E
8.6x
Div. yield
0.40%
Div. / share
$0.20
52W high
$69.55
52W low
$37.47
1W change
-0.82%
Beta
0.51
Analyst Price Targets
Based on analyst covering ALS · as of Oct 22, 2026
Wall Street analysts forecast ALS stock price to rise 35.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$68.79
+35.1% Upside
Previously C$68.50 on Oct 19, 2026
Current Price
C$50.91
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ALS's historical volatility
30-Day Vol
36.3%
Annualized
90-Day Vol
45.4%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$42.58
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$47.97 | C$42.32 – C$54.37 |
| 60 trading days | C$45.20 | C$37.86 – C$53.95 |
| 90 trading days | C$42.58 | C$34.28 – C$52.90 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 6 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-10 | — | 0.2300 | — |
| 2026-06-30 | 2026-08-10 | 0.1400 | 0.2000 | -30.0% |
| 2026-03-31 | 2026-05-11 | 0.0492 | 0.1875 | -73.8% |
| 2025-12-31 | 2026-03-10 | 0.2400 | 0.1500 | +60.0% |
| 2025-09-30 | 2025-11-11 | 0.1700 | 0.1300 | +30.8% |
| 2025-06-30 | 2025-08-11 | 0.0300 | 0.0400 | -25.0% |
Investor takeaway: Analysts expect growth, but that does not guarantee a beat. The C$0.23 EPS consensus is 35.3% above last year’s result, while the C$28.65 million revenue estimate points to 33.8% growth. Three analysts raised their EPS estimates in the past 30 days, and none lowered them. Only two analysts contributed to the revenue consensus. Given the two recent misses, the actual results and comments on royalty revenue will matter more than the headline estimates alone.
C$0.23
That is the consensus EPS estimate for the quarter ended September 30, 2026, compared with C$0.17 a year earlier. Six analysts contributed to the estimate, which ranges from C$0.13 to C$0.29.
Bull case
The EPS consensus has risen from C$0.21 to C$0.23 over the past month. Three analysts raised their estimates, and none lowered them. The consensus also points to 35.3% year-over-year EPS growth. Altius earns royalties from mineral and renewable energy projects. Its portfolio includes lithium-linked interests, as well as base metals, potash and iron ore. Stronger contributions across these areas could support the expected growth without Altius operating the mines itself.
Bear case
Altius missed EPS estimates in its two most recent quarters: C$0.14 versus C$0.20 for the quarter ended June 30, and C$0.0492 versus C$0.1875 for the quarter ended March 31. The upcoming quarter’s EPS estimate ranges widely, from C$0.13 to C$0.29, and just two analysts contributed to the revenue consensus. Shares closed at C$50.91, below their 50-day average of C$62.01 and 200-day average of C$55.25. These figures do not predict the earnings result, but they show some of the uncertainty investors are weighing.
Analysis
Altius Minerals is due to report after the market closes on November 10, covering the quarter ended September 30. The main question is whether EPS reaches the C$0.23 consensus. Analysts also expect revenue of C$28.65 million. Those estimates point to year-over-year growth of 35.3% in EPS and 33.8% in revenue. EPS expectations have risen from C$0.21 a month ago, with three analysts revising their estimates up and none revising them down. The revenue estimate, however, is based on just two analysts. Visit the company’s stock page for more coverage and information.
Analysis
Altius’s last four comparable quarters show both reasons for optimism and cause for caution. The company reported EPS of C$0.14 against C$0.20 expected for the June 2026 quarter, and C$0.0492 against C$0.1875 expected for March. Before those misses, it reported C$0.24 versus C$0.15 for December 2025 and C$0.17 versus C$0.13 for September 2025. That adds up to two beats and two misses. Altius earns royalties rather than operating mines, with interests in mineral and renewable energy projects. Its portfolio includes lithium-linked royalties, along with base metals, potash and iron ore. This range of assets can spread revenue across different sources, but the upcoming results will show how they contributed to earnings this quarter.
Analysis
The average analyst price target is C$68.79, compared with the last closing price of C$50.91. That implies 35.1% upside to the average target. A formal rating is unavailable for Canadian listings. The supplied consensus label is bullish, based on the target price compared with the share price. See the analyst ratings section for details.
Wealth Awesome’s statistical 90-day price model gives a mean forecast of C$42.58. Its 68% range is C$34.28–C$52.90, and its 95% range is C$27.60–C$65.71. The model’s annualized drift is -50.0%, with 30-day volatility of 36.3%. This statistical model is not financial advice or an analyst price target. Its forecast details are separate from analyst estimates.
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