Altius Minerals (ALS) AI Stock Analysis

• Market Cap: C$1.40B
• Dividend Yield: 1.19%
• Average Volume (3M): 92.64K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 0.78
• Revenue Growth: -16.14%
• EPS Growth: 1038.04%
• Country: CA
• Employees: 19
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Industrial Materials
• EPS (TTM): 0.05
• Shares Outstanding: 46,315,304
• 10 Day Avg. Volume: 149,961
• 30 Day Avg. Volume: 92,644
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$34.40
• Price Target Upside: 14.10% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 81 Outperform
• Price Target: C$33.00 ▲(9.45% Upside)

The overall stock score is driven by robust technical indicators and a solid valuation, indicating a favorable outlook. Financial performance and recent corporate events support this positivity, despite some challenges highlighted in the earnings call.

Positive Factors

Financial Flexibility

Cash proceeds provide Altius meaningful financial flexibility, including the potential ability to execute on external M&A opportunities, allowing for deleveraging, further share repurchases or a SIB, and increased dividends or a special distribution.

Trading Performance

The company has already shown a meaningful re-rating and is trading above the average of its historical multiple trading ranges and at a premium to peers.

Valuation

The sale of two-thirds of Altius' NSR royalty over the Silicon project is viewed as positive for Altius, particularly in the context of valuation for the long-dated asset.

Negative Factors

Potash Revenue

Potash revenue was below expectations due to annual maintenance shutdowns at a number of potash mines.

Renewable Division

The renewable division reported royalty revenue below expectations, reflecting the continuing ramp-up of operational stage portfolio projects.

Revenue Performance

Altius reported Q2/25 attributable royalty revenue slightly below estimates, including slightly lower results in potash, as well as the interest and other category.

Altius Minerals Business Overview & Revenue Model

Company Description

Altius Minerals Corporation operates as a diversified mining royalty and streaming company in Canada, the United States, and Brazil. The company owns royalty and streaming interests in 12 operating mines covering copper, zinc, nickel, cobalt, iron ore, precious metals, potash, and thermal and metallurgical coal. It is also involved in the acquisition and management of renewable energy investments and royalties, as well as early-stage royalties and minority equity or project interests. Altius Minerals Corporation was incorporated in 1997 and is headquartered in St. John's, Canada.

How the Company Makes Money

Altius Minerals makes money primarily through its royalty and streaming agreements. These agreements entitle the company to receive a percentage of the revenue or production from mining operations without bearing the operational costs. Key revenue streams include royalties from iron ore operations in Labrador, potash operations in Saskatchewan, and other base and precious metal projects. Significant partnerships with mining operators enable Altius to leverage its royalty interests across various projects. Additionally, the company generates income from strategic investments in junior mining companies and projects, which can offer capital appreciation and potential future royalty streams.

Altius Minerals Financial Statement Overview

Summary

Altius Minerals exhibits strong financial stability with a solid balance sheet and robust profitability margins. Although there are challenges in revenue growth, the company's effective cost management and cash flow generation are commendable. Potential risks include revenue fluctuations and maintaining profitability in a competitive market.

Income Statement

Altius Minerals shows a strong net profit margin and healthy gross profit margin in the TTM. However, there has been a decline in revenue from 2023 to the TTM period, which impacts the revenue growth rate negatively. The EBIT and EBITDA margins are robust, indicating effective cost management.

Balance Sheet

The company maintains a solid equity base with an improving equity ratio. The debt-to-equity ratio is moderate, suggesting manageable leverage levels. Return on equity is impressive, reflecting efficient use of equity capital.

Cash Flow

Operating cash flow remains strong relative to net income, demonstrating effective cash generation from operations. The free cash flow has shown stability, although the growth rate has been inconsistent over the years. Cash flow management appears prudent despite fluctuations in investing and financing activities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	56.88M	58.17M	68.96M	102.05M	81.68M	60.06M
Gross Profit	44.51M	45.84M	47.65M	71.88M	52.79M	37.06M
EBITDA	113.60M	116.00M	40.58M	83.17M	74.91M	7.10M
Net Income	102.25M	100.77M	9.54M	37.49M	40.02M	-26.86M
Balance Sheet
Total Assets	719.07M	713.99M	773.54M	780.58M	721.40M	589.61M
Cash, Cash Equivalents and Short-Term Investments	12.08M	15.91M	130.42M	82.39M	100.02M	21.80M
Total Debt	97.31M	99.38M	112.17M	120.87M	115.17M	132.97M
Total Liabilities	137.74M	142.86M	161.00M	171.78M	192.42M	205.78M
Stockholders Equity	571.47M	561.18M	488.73M	486.19M	433.49M	362.88M
Cash Flow
Free Cash Flow	24.10M	25.37M	35.05M	71.92M	46.64M	34.38M
Operating Cash Flow	26.63M	27.95M	36.51M	74.26M	47.77M	37.12M
Investing Cash Flow	-80.34M	-103.37M	55.07M	-85.75M	-26.55M	-50.19M
Financing Cash Flow	-38.18M	-44.41M	-38.93M	-10.75M	56.99M	12.74M

Altius Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ALS, the sentiment is Positive. The current price of 30.15 is above the 20-day moving average (MA) of 28.63, above the 50-day MA of 27.67, and above the 200-day MA of 26.49, indicating a bullish trend. The MACD of 0.69 indicates Negative momentum. The RSI at 73.25 is Negative, neither overbought nor oversold. The STOCH value of 88.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ALS.

Altius Minerals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AFM	82 Outperform	C$1.28B	7.82	33.49%	9.00%	73.61%	119.38%
ALS	81 Outperform	C$1.40B	13.66	19.46%	1.19%	-16.14%	1038.04%
SKE	52 Neutral	C$2.42B	―	-137.38%	―	―	-19.29%
FOM	46 Neutral	C$1.49B	―	-1.11%	―	―	8.92%
Sector *	44 Neutral	C$874.34M	-6.79	-14.91%	2.76%	16.69%	-26.66%
SGML	―	$610.84M	―	-30.69%	―	―	―
LAC	―	$611.19M	―	-8.91%	―	―	―

Altius Minerals Corporate Events

Altius Minerals Sells Gold Royalty to Franco-Nevada for $275 Million

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.

Altius Minerals Reports Q2 2025 Royalty Revenue and Strategic Focus

Altius Minerals Corporation reported an expected Q2 2025 attributable royalty revenue of $12.7 million, reflecting a decrease from previous quarters. The revenue was impacted by various factors, including higher realized prices in base and battery metals, offset by timing issues and maintenance shutdowns in potash mines. The renewable energy sector showed growth with a revenue of $2.1 million, indicating a ramp-up in operational projects. This announcement highlights Altius’s strategic focus on diversifying its revenue streams and aligning with global sustainability trends, which may influence its market positioning and stakeholder interests.

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.

Altius Minerals Reports Strong Portfolio Growth and Strategic Developments

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.

Altius Minerals Achieves Strong Shareholder Support at AGM

Altius Minerals Corporation announced the successful approval of all resolutions at its Annual General Meeting held on May 14, 2025, with a high voting participation rate of 73.9%. The election of directors saw strong support, with all nominees receiving votes in favor at 95% or higher. This outcome underscores shareholder confidence in the company’s strategic direction and governance, potentially strengthening its industry positioning and stakeholder relations.

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.

Altius Minerals Reports Q1 2025 Revenue and Strategic Developments

Altius Minerals reported a slight decline in its Q1 2025 revenue compared to the previous year, with attributable royalty revenue amounting to $15.0 million. The company is actively involved in several strategic projects, including a significant stake in Orogen Royalties, which is being acquired by Triple Flag Precious Metals. Altius is also advancing its interests in the Julienne Lake iron ore deposit and holds royalties in various other mining projects, indicating a robust pipeline of future revenue 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.