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

Altius Minerals (AB)

20/07/2026 12:54

Overview
Canada royalty portfolio firm's preliminary Q2 attributable royalty revenue rises to record C$30 mln
Growth driven by higher prices and volumes in base metals, potash, lithium, and electricity royalties
Company to increase GBR stake to 50% via transaction expected to close in late July

Outlook
Company expects attributable revenue to increase after GBR transaction closes in late July

Result Drivers
BASE METALS PRICES AND DELIVERIES - Higher realized copper and nickel prices and timing of copper stream deliveries from Chapada drove base metals revenue growth
LITHIUM ACQUISITION AND RAMP-UP - Increased lithium revenue reflects the acquisition of Lithium Royalty Corp., price improvements, and operational ramp-ups by several operators
ELECTRICITY PROJECTS AND INVESTMENT INCOME - Electricity royalty revenue rose due to ramp-up of operational projects, including first production from Sequoia I, and interest income from interconnection deposit financing

Company press release: ID:nBw7ThRFQa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Attributable Royalty Revenue
 
C$30 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$60.00, about 7.9% above its July 17 closing price of C$55.62
The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 69 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.)