Altius Minerals, the Basic Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Rene Cartier from BMO Capital maintained a Hold rating on the stock and has a C$31.00 price target.
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Rene Cartier has given his Hold rating due to a combination of factors related to Altius Minerals’ recent financial performance and strategic decisions. The company’s Q2/25 results showed adjusted earnings per share slightly below both the analyst’s and consensus estimates, with adjusted EBITDA aligning with expectations but still falling short of consensus. Additionally, operating cash flow was lower than anticipated, which may have contributed to a more cautious outlook.
Furthermore, while Altius has increased its dividend and completed significant transactions, such as the sale of a portion of the Silicon royalty, the stock is currently trading at a premium compared to its historical averages and peers. This suggests that while the company has strong financial flexibility and potential for future growth through strategic capital allocation, the current valuation may already reflect these positives, warranting a Hold rating rather than a more aggressive stance.
ALS’s price has also changed moderately for the past six months – from C$26.440 to C$30.270, which is a 14.49% increase.