Canada's Altius Minerals Q1 royalty revenue rises on higher copper prices

Altius Minerals (AB)

21/04/2026 13:04

Overview

Canada royalty asset manager's preliminary Q1 2026 attributable royalty revenue rises yr/yr

Growth driven by higher copper prices, potash prices, and Lithium Royalty Corp acquisition

Company received US$30.5 mln distribution from Waratah Capital Advisors after March 31

Outlook

Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

COPPER PRICES AND DELIVERIES - Higher realized copper prices and timing of copper stream deliveries, as well as higher Voiseys Bay revenue, drove base metals revenue growth

LITHIUM ROYALTY CORP ACQUISITION - Acquisition of Lithium Royalty Corp. in March 2026 led to significant growth in lithium royalty revenue

HIGHER POTASH PRICES - Potash portfolio revenue increased due to higher realized prices than Q1 2025, with production volumes consistent

Company press release: ID:nBw1g5dKDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Attributable Royalty Revenue
C$26.40 mln


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$50.50, about 1.5% below its April 20 closing price of C$51.25

The stock recently traded at 70 times the next 12-month earnings vs. a P/E of 68 three months ago

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(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.)