Altius Minerals (ALS) AI Stock Analysis

• Market Cap: C$1.26B
• Dividend Yield: 1.32%
• Average Volume (3M): 66.42K
• Price to Earnings (P/E): 12.3
• Beta (1Y): 0.82
• Revenue Growth: -16.14%
• EPS Growth: 1038.04%
• Country: CA
• Employees: 19
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Industrial Materials
• EPS (TTM): 0.05
• Shares Outstanding: 46,301,247
• 10 Day Avg. Volume: 41,863
• 30 Day Avg. Volume: 66,420
• PEG Ratio: 0.02
• Price to Book (P/B): 2.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 45.18
• 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$32.42
• Price Target Upside: 20.07% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 70 Outperform
• Price Target: C$29.00 ▲(7.41%Upside)

Altius Minerals presents a moderate investment opportunity with strengths in net income growth, prudent financial management, and strategic expansions. However, inconsistent revenue, declining cash flow, and mixed technical indicators suggest cautious optimism. The company's fair valuation and positive corporate developments lend support to its potential.

Positive Factors

Growth Strategy

Altius indicated it continues to favour an approach of realizing upon organic growth over M&A based growth.

Stock Trading Premium

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

Target Price Increase

The target price for Altius Minerals has been increased to C$33.00.

Negative Factors

Cash Flow Performance

Operating cash flow was a bit lower than anticipated.

Operational Challenges

Potash revenue was slightly below forecast due to lower volumes from mine unit sequencing and maintenance shutdowns.

Revenue Shortfall

Altius reported Q1/25 attributable royalty revenue below estimates, with lower results in potash, base and battery metals, and renewables.

Altius Minerals Business Overview & Revenue Model

Company Description

Altius Minerals Corporation is a diversified mining royalty and investment company based in Canada. The company primarily focuses on generating long-term revenue through the acquisition and management of natural resource royalties and investments in mining projects. Altius's core sectors include base metals, bulk commodities, and renewable energy.

How the Company Makes Money

Altius Minerals makes money primarily through its royalty interests, which provide the company with a percentage of revenue from various mining operations without the need to directly operate the mines. Key revenue streams include royalties from base metals such as copper and nickel, bulk commodities like potash, and investments in renewable energy projects. The company benefits from strategic partnerships with mining operators and invests in early-stage projects, which can contribute to its earnings as these projects advance towards production. Altius's diversified portfolio helps mitigate risks and provides a stable revenue base by maintaining interests in multiple sectors and geographical locations.

Altius Minerals Financial Statement Overview

Summary

Altius Minerals presents a stable financial position with strong net income growth and prudent leverage management. The balance sheet is solid despite a decrease in total assets. However, fluctuating revenue and declining operating cash flow pose risks.

Income Statement

Altius Minerals shows a mixed income statement performance. The company experienced fluctuating revenue growth, with a decline of 15.6% in 2024. However, net income significantly improved, indicating enhanced profitability. Gross profit margins are strong, but the absence of EBIT in 2024 is a concern. EBITDA margin is robust due to high depreciation and amortization benefits.

Balance Sheet

The balance sheet reflects a healthy financial structure with a consistent increase in stockholders' equity over the years. The debt-to-equity ratio is low, indicating prudent leverage management. The equity ratio is solid, suggesting financial stability. However, the decrease in total assets in 2024 may indicate potential concerns.

Cash Flow

Cash flow analysis shows strong free cash flow generation, though it decreased by 27.6% in 2024. Operating cash flow to net income ratio indicates strong cash conversion efficiency. However, the declining operating cash flow and high investing outflows in 2024 may impact future liquidity.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
58.17M	68.96M	102.05M	81.68M	60.06M
	Gross Profit
45.84M	47.65M	71.88M	52.79M	37.06M
	EBIT
0.00	31.14M	57.76M	40.67M	23.87M
	EBITDA
116.00M	40.58M	83.17M	74.91M	7.10M
	Net Income Common Stockholders
100.77M	9.54M	37.49M	40.02M	-26.86M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
15.91M	130.42M	82.39M	100.02M	21.80M
	Total Assets
713.99M	773.54M	780.58M	721.40M	589.61M
	Total Debt
99.38M	112.17M	120.87M	115.17M	132.97M
	Net Debt
83.47M	-18.25M	38.49M	15.15M	111.16M
	Total Liabilities
142.86M	161.00M	171.78M	192.42M	205.78M
	Stockholders Equity
561.18M	488.73M	486.19M	433.49M	362.88M
Cash Flow		Free Cash Flow
25.37M	35.05M	71.92M	46.64M	34.38M
	Operating Cash Flow
27.95M	36.51M	74.26M	47.77M	37.12M
	Investing Cash Flow
-103.37M	55.07M	-85.75M	-26.55M	-50.19M
	Financing Cash Flow
-44.41M	-38.93M	-10.75M	56.99M	12.74M

Altius Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 27 is above the 20-day moving average (MA) of 26.88, above the 50-day MA of 25.82, and above the 200-day MA of 25.89, indicating a bullish trend. The MACD of 0.26 indicates Positive momentum. The RSI at 54.33 is Neutral, neither overbought nor oversold. The STOCH value of 66.71 is Neutral, 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	75 Outperform	C$1.08B	7.53	29.84%	10.59%	76.60%	107.92%
ALS	70 Outperform	C$1.26B	12.33	19.46%	1.32%	-16.14%	1038.04%
SGML	53 Neutral	$785.24M	―	-30.69%	―	11.53%	-154.63%
SKE	52 Neutral	C$2.34B	―	-137.38%	―	―	-19.29%
Sector *	51 Neutral	$2.03B	-1.13	-21.36%	3.65%	2.87%	-30.54%
LAC	49 Neutral	$807.76M	―	-8.91%	―	―	―
FOM	46 Neutral	C$1.35B	―	-2.81%	―	―	8.92%

Altius Minerals Corporate Events

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.

Altius Minerals Supports Triple Flag’s Acquisition of Orogen Royalties

Altius Minerals Corporation has agreed to support a transaction where Triple Flag Precious Metals Corp. will acquire Orogen Royalties Inc. for approximately $421 million. This acquisition is structured with a mix of cash, shares, and a new company, Orogen Spinco. Altius, as a major shareholder of Orogen, sees this transaction as aligning with its strategic interests, providing continued exposure to Orogen’s royalties and growth potential in Nevada’s Silicon gold district. The deal, which includes a premium on Orogen’s share price, is expected to close in Q3 2025, pending regulatory approvals.

Altius Minerals Announces Q1 2025 Royalty Revenue of $15 Million

Altius Minerals Corporation reported an expected Q1 2025 attributable royalty revenue of $15.0 million, reflecting its diverse portfolio across base and battery metals, potash, iron ore, and renewable energy. The revenue from base and battery metals, primarily copper, was $6.8 million, influenced by the timing of copper stream deliveries and higher Voisey’s Bay revenue. Potash revenue was $3.9 million, impacted by lower volumes due to mine sequencing and maintenance shutdowns. Iron ore royalties yielded $1.9 million from dividends, while renewable energy royalties contributed $1.6 million, showing growth from operational projects. This financial performance underscores Altius’s strategic positioning in aligning with global sustainability trends and its potential implications for stakeholders.

Altius Minerals Advances Julienne Lake Project Amid Portfolio Gains

Altius Minerals Corporation reported a significant increase in the market value of its public junior equities portfolio, driven by its stake in Orogen Royalties Inc., which announced a substantial update in gold resources at the Merlin deposit. The company is advancing its Julienne Lake Iron Ore Project in Newfoundland and Labrador, having moved to the detailed proposal phase for potential development. Altius holds a 100% interest in mineral claims contiguous to the Julienne Lake deposit and is conducting metallurgical tests to assess the potential for direct reduction grade iron concentrate. The company is also exploring new project generation alliances and investment opportunities to expand its royalty creation across various jurisdictions.

Altius Minerals Sees Revenue Dip in 2024 Amid Strategic Portfolio Growth

Altius Minerals Corporation reported a decrease in its full-year revenue for 2024, totaling $58.2 million compared to $69.0 million in 2023, with attributable royalty revenue also declining to $64.0 million from $69.4 million the previous year. Despite the revenue drop, the company experienced growth in its renewable royalty portfolio and benefited from higher base metal prices and increased potash sales, although these were offset by lower coal revenue due to the closure of the Genesee Mine. The company also recognized a significant gain from the sale of shares in Altius Renewable Royalties Corp, highlighting its strategic focus on enhancing portfolio value through various projects, including those in the copper-gold and lithium sectors.