Canada's Altius Minerals Q2 royalty revenue more than doubles on higher commodity prices

Altius Minerals (AB)

10/08/2026 22:15

Overview
Canada mining royalty firm's Q2 attributable royalty revenue more than doubled yr/yr
Adjusted EPS for Q2 missed analyst expectations
Company raised quarterly dividend by 10%

Outlook
Company expects several royalty-generating projects to reach commercial operations between 2026 and 2029
Altius sees potential for record global potash shipments in 2026, supporting royalty revenue
Company says electricity royalties benefit from higher merchant and contracted prices with limited inflation exposure

Result Drivers
HIGHER COMMODITY PRICES - Co said royalty revenue reflected higher realized prices and timing of copper stream deliveries
LITHIUM ROYALTY CONTRIBUTIONS - Integration of Lithium Royalty Corp. added $6.4 mln in lithium royalty revenue in Q2
ELECTRICITY ROYALTY GROWTH - Higher electricity royalty revenue supported by new projects and strong power prices

Company press release: ID:nBw5xz56pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Attributable Royalty Revenue
 
C$30 mln
 
Q2 Adjusted EPS
Miss
C$0.14
C$0.20 (6 Analysts)
Q2 Adjusted Net Income
 
C$7.6 mln
 
Q2 Net Income
 
C$8.6 mln
 
Q2 Dividend
 
C$0.11
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Altius Minerals Corp (AB) is C$66.00, about 4.5% above its August 7 closing price of C$63.17
The stock recently traded at 61 times the next 12-month earnings vs. a P/E of 64 three months ago

Reuters Recommended Reads
Aug 10 - Canada's Barrick Mining Q2 profit misses estimates, plans North American IPO by end-2026
Aug 10 - Canada's K92 Mining Q2 profit jumps 116% on mine expansion, infrastructure upgrades
Aug 7 - Canada's DRI Healthcare Q2 income rises, helped by  milestone events in royalty portfolio

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)