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Altius Minerals ( (TSE:ALS) ) has issued an update.
Altius Minerals Corporation announced it has received a final arbitration award confirming its royalty interests within the Silicon gold district in Nevada. The decision extends Altius’s royalty area to approximately 195.6 km², which fulfills the conditions of a sales agreement with Franco-Nevada Corporation, triggering a contingent payment of US$25 million to Altius. This development strengthens Altius’s position within the gold mining industry and enhances its financial prospects, potentially benefiting its stakeholders.
The most recent analyst rating on (TSE:ALS) stock is a Hold with a C$26.00 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’ strong financial performance and positive technical indicators are the primary strengths, supported by strategic corporate actions. Challenges in revenue growth and mixed earnings sentiment slightly temper the overall outlook.
To see Spark’s full report on TSE:ALS stock, click here.
More about Altius Minerals
Altius Minerals Corporation is a company focused on creating per share growth through a diversified portfolio of royalty assets associated with long-life, high-margin operations. The company is aligned with global growth trends such as increasing electricity-based market share, global infrastructure development, and the rising demand for agricultural fertilizers and precious metals. Altius also engages in a Project Generation business, originating mineral projects for sale to developers in exchange for royalties. It is listed on the Toronto Stock Exchange and is a member of several indices, including the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
Average Trading Volume: 75,649
Technical Sentiment Signal: Buy
Current Market Cap: C$1.36B
For a thorough assessment of ALS stock, go to TipRanks’ Stock Analysis page.