Altius Minerals Reports Q3 Revenue and Strategic Moves
Company Announcements

Altius Minerals Reports Q3 Revenue and Strategic Moves

Story Highlights
  • Altius Minerals’ Q3 2024 royalty revenue decreased to $16.6M due to lower potash prices.
  • The company sees growth in renewable energy royalties and strategic portfolio developments.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Altius Minerals (TSE:ALS) has released an update.

Altius Minerals reported a decrease in Q3 2024 royalty revenue to $16.6M from the previous year, impacted by lower potash prices and seasonal mine maintenance. Despite this, the company is optimistic about growth in its renewable energy royalties and base metal projects, with several projects showing promising developments. Additionally, Altius is involved in strategic transactions to strengthen its portfolio, including a significant arrangement with Northampton Capital Partners.

For further insights into TSE:ALS stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyAltius Minerals price target raised to C$28 from C$27.50 at Raymond James
TheFlyAltius Minerals price target raised to C$27 from C$26 at Scotiabank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App