Canada's Altius Minerals Q1 revenue up on higher lithium, electricity royalties

Altius Minerals (AB)

12/05/2026 22:15

Overview

Canada royalty company reported Q1 revenue up yr/yr, driven by higher lithium and electricity royalties

Adjusted EPS for Q1 missed analyst expectations

Company completed acquisition of Lithium Royalty Corp, incurring one-time post-closing expenses

Outlook

Company expects full ramp-up of Voisey’s Bay nickel expansion by H2 2026

Altius anticipates commencement of Curipamba copper-gold production in mid 2027

Company notes initial industry expectations for record global potash shipments in 2026

Result Drivers

LITHIUM ROYALTIES - Addition of four operating lithium royalties and higher lithium revenue following LRC acquisition drove revenue growth

ELECTRICITY ROYALTIES - Higher electricity royalty revenue contributed to increased overall royalty revenue

ONE-TIME EXPENSES - One-time post-closing expenses related to the LRC acquisition and higher general and administrative costs weighed on net earnings and operating cash flow

Company press release: ID:nBw8kKbH8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Miss
C$0.11
C$0.18 (5 Analysts)
Q1 Adjusted Net Income
C$5.40 mln
Q1 Net Income
C$2.60 mln
Q1 Adjusted EBITDA
C$19.80 mln
C$15.60 mln (1 Analyst)
Q1 Dividend
C$0.10


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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$53.00, about 3.8% below its May 11 closing price of C$55.10

The stock recently traded at 70 times the next 12-month earnings vs. a P/E of 72 three months ago

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.)