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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
C$0.17
C$0.08 (6 Analysts)
Q3 Adjusted Net Income
C$7.70 mln
Q3 Net Income
C$264.90 mln
Q3 Adjusted EBITDA
Beat
C$13.20 mln
C$10.60 mln (2 Analysts)
Q3 Dividend
C$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
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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.)