Altius Minerals expects higher Q3 royalty revenue as copper prices rise

Overview

• Altius expects Q3 2025 royalty revenue of CAD 21.2 mln

• Base and battery metals revenue rises to CAD 7.4 mln due to higher realized prices

• Potash revenue increases to CAD 5.5 mln on higher prices and volumes

Outlook

• Altius did not provide specific future guidance

Result Drivers

• COPPER PRICES - Base and battery metals revenue rose to CAD 7.4 mln due to higher realized copper prices and stream deliveries at Chapada

• POTASH VOLUMES - Potash revenue increased to CAD 5.5 mln, reflecting higher realized prices and attributable volumes

• RENEWABLE ENERGY - Renewable energy revenue of CAD 3.3 mln reflects ramp up of operational projects and financing income

Key Details

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$36.00, about 6.9% above its October 15 closing price of C$33.50

• The stock recently traded at 78 times the next 12-month earnings vs. a P/E of 70 three months ago

Press Release: ID:nBw6mD0DLa

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