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ALS — Altius Minerals (AB) News Story

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Mining royalty firm Altius's Q3 adjusted EPS beats estimates

Overview

Altius Q3 adjusted EPS beats analyst expectations, reflecting improved operational performance

Company reports Q3 adjusted EBITDA beats estimates, showing strong financial results

Net earnings for Q3 reflect gain from sale of Arthur Gold royalty interest

Outlook

Altius notes increased market activity in royalty acquisitions and project finance

Company expects additional US$25 mln from ongoing arbitration process

Altius highlights macro-trends driving demand for its commodities

Result Drivers

POTASH AND COPPER - Higher potash volumes and copper stream deliveries at Chapada drove revenue growth

ARTHUR GOLD SALE - Gain from sale of Arthur Gold royalty interest significantly boosted net earnings

INCREASED MARKET ACTIVITY - Increased market activity and demand for royalty capital indicate potential for future growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Adjusted EPSBeatC$0.17C$0.08 (6 Analysts)
Q3 Adjusted Net IncomeC$7.70 mln
Q3 Net IncomeC$264.90 mln
Q3 Adjusted EBITDABeatC$13.20 mlnC$10.60 mln (2 Analysts)
Q3 DividendC$0.10
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the diversified mining peer group is "buy" Wall Street's median 12-month price target for Altius Minerals Corp is C$37.50, about 4.1% below its November 10 closing price of C$39.03 The stock recently traded at 85 times the next 12-month earnings vs. a P/E of 72 three months ago Press Release: ID:nBw6HL3Bca For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

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