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Altius Minerals ( (TSE:ALS) ) has shared an announcement.
Altius Minerals Corporation has completed the sale of a 1% net smelter return (NSR) royalty on the Silicon and Merlin gold deposits in Nevada to Franco-Nevada Corporation for $275 million. This transaction enhances Altius’s financial flexibility and strengthens its balance sheet, allowing the company to explore new capital allocation opportunities and maintain exposure to the emerging gold district through its retained 0.5% NSR royalty.
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 achieves a solid overall score driven by strong financial performance and technical analysis. Although revenue growth poses challenges, strategic corporate events and a fair valuation with a reasonable P/E ratio and dividend yield enhance its attractiveness. Earnings call insights highlight both opportunities and risks, maintaining a cautiously optimistic outlook.
To see Spark’s full report on TSE:ALS stock, click here.
More about Altius Minerals
Altius Minerals Corporation is engaged in creating per share growth through a diversified portfolio of royalty assets, focusing on long-life, high-margin operations. The company’s strategy aligns with global growth trends, including increasing electricity-based market share and global infrastructure development.
Average Trading Volume: 63,265
Technical Sentiment Signal: Buy
Current Market Cap: C$1.29B
See more insights into ALS stock on TipRanks’ Stock Analysis page.