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Altius Minerals ( (TSE:ALS) ) has shared an update.
Altius Minerals Corporation has received a contingent payment of US$25 million following the sale of a partial royalty interest in the Arthur Gold Project to Franco-Nevada Corporation. This payment concludes an arbitration process that confirmed the extent of royalty lands, covering approximately 195.6 km². The Arthur Gold Project, recognized as one of the most significant greenfield gold discoveries in the U.S. in over a decade, has substantial inferred and indicated mineral resources. AngloGold Ashanti is advancing the project with plans to convert resources to reserves and expand exploration efforts, potentially impacting Altius’s royalty income and market position.
The most recent analyst rating on (TSE:ALS) stock is a Buy with a C$43.00 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 receives a strong overall score driven by its robust financial performance, attractive valuation, and positive technical indicators. The earnings call provided additional confidence with strategic growth plans and a strengthened balance sheet. However, challenges in revenue growth and cash flow management slightly temper the outlook.
To see Spark’s full report on TSE:ALS stock, click here.
More about Altius Minerals
Altius Minerals Corporation is a diversified mining royalty company that focuses on creating per share growth through a portfolio of royalty assets associated with long-life, high-margin operations. The company is aligned with global growth trends, including increasing electricity-based market share, infrastructure growth, and precious metals ownership. Altius’s commodity exposures include potash, high purity iron ore, renewable energy, base metals, and gold. It also runs a successful Project Generation business, originating mineral projects for sale to developers in exchange for royalties.
Average Trading Volume: 119,872
Technical Sentiment Signal: Buy
Current Market Cap: C$1.77B
For an in-depth examination of ALS stock, go to TipRanks’ Overview page.