Aimia Inc. Receives $29.3 Million Tax Refund to Bolster Strategic Initiatives

The latest announcement is out from Aimia Inc. ( (TSE:AIM) ).

Aimia Inc. announced it has received a $29.3 million tax refund from the Canada Revenue Agency, following a settlement related to a 2013 income tax audit of its former subsidiary, Aeroplan Inc. The company plans to use the refund to support its 2025-2026 normal course issuer bid and for general investment purposes, while also anticipating an additional $6 million refund from Revenu Québec. This financial boost is expected to aid Aimia in its strategic initiatives and enhance shareholder value.

The most recent analyst rating on (TSE:AIM) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Aimia Inc. stock, see the TSE:AIM Stock Forecast page.

Spark’s Take on TSE:AIM Stock

According to Spark, TipRanks’ AI Analyst, TSE:AIM is a Neutral.

Aimia Inc. shows resilience with strong strategic initiatives and a robust equity position. However, significant challenges remain in profitability and liquidity. The technical indicators suggest moderate positive momentum, and recent corporate events are promising. Yet, the negative P/E ratio and lack of dividends weigh down the valuation.

To see Spark’s full report on TSE:AIM stock, click here.

More about Aimia Inc.

Aimia Inc. is a diversified company headquartered in Toronto, focusing on enhancing the value of its core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. The company prioritizes reducing holding company costs, minimizing the discount of its share price to the intrinsic value of its net assets, and efficiently utilizing its loss carry-forwards to create shareholder value.

Average Trading Volume: 125,999

Technical Sentiment Signal: Hold

Current Market Cap: C$282.3M

See more data about AIM stock on TipRanks’ Stock Analysis page.