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An update from Aimia Inc. ( (TSE:AIM) ) is now available.
Aimia Inc. has received a tax refund of $8.8 million from Revenu Québec, related to a 2013 income tax audit of a former subsidiary. This refund contributes to a total of $38.1 million received from the audit, which the company plans to use for its normal course issuer bid and general investment purposes. The resolution of this tax matter is expected to positively impact Aimia’s financial operations, allowing it to focus on strategic investments and shareholder value enhancement.
The most recent analyst rating on (TSE:AIM) stock is a Hold with a C$3.00 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.’s overall stock score is driven by a mix of financial resilience and operational challenges. The company’s strong equity position and recent profitability improvements are positive, but ongoing revenue volatility and liquidity issues weigh heavily. Technical indicators suggest bearish momentum, and valuation metrics are unattractive due to negative earnings. The earnings call provided some optimism with improved financial metrics, but market uncertainties remain a concern.
To see Spark’s full report on TSE:AIM stock, click here.
More about Aimia Inc.
Aimia Inc. is a diversified company based in Toronto, focusing on enhancing the value of its two 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 businesses, and efficiently utilizing its loss carry-forwards to create shareholder value.
Average Trading Volume: 80,429
Technical Sentiment Signal: Sell
Current Market Cap: C$248.3M
See more data about AIM stock on TipRanks’ Stock Analysis page.