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The latest announcement is out from Altius Minerals ( (TSE:ALS) ).
Altius Minerals Corporation reported a significant increase in the market value of its public junior equities portfolio, driven by its substantial holdings in Orogen Royalties Inc., which is being acquired by Triple Flag Precious Metals Corp. This acquisition is expected to yield Altius gross proceeds of approximately $80 million. Additionally, Altius is involved in several strategic projects and alliances, including a potential new porphyry copper discovery in Argentina and the sale of its Roebucks base metals project in Newfoundland, while retaining royalties in these ventures. These developments reflect Altius’s strategic focus on enhancing its royalty portfolio and exploring new investment opportunities.
The most recent analyst rating on (TSE:ALS) stock is a Hold with a C$22.00 price target. To see the full list of analyst forecasts on Altius Minerals stock, see the TSE:ALS Stock Forecast page.
Spark’s Take on TSE:ALS Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALS is a Outperform.
Altius Minerals presents a moderate investment opportunity with strengths in net income growth, prudent financial management, and strategic expansions. However, inconsistent revenue, declining cash flow, and mixed technical indicators suggest cautious optimism. The company’s fair valuation and positive corporate developments lend support to its potential.
To see Spark’s full report on TSE:ALS stock, click here.
More about Altius Minerals
Altius Minerals Corporation operates in the mining industry, focusing on project generation and royalty creation. The company holds a diverse portfolio of public junior equities and engages in exploration alliances, primarily in the mineral exploration sector.
Average Trading Volume: 69,753
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.25B
For detailed information about ALS stock, go to TipRanks’ Stock Analysis page.