Major Estimate Revision • May 19
Consensus revenue estimates increase by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CA$88.0m to CA$99.2m. EPS estimate unchanged from CA$0.79 at last update. Metals and Mining industry in Canada expected to see average net income growth of 35% next year. Consensus price target up from CA$51.36 to CA$58.50. Share price fell 9.5% to CA$51.68 over the past week. Declared Dividend • May 17
First quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 74% over the next 3 years. However, it would need to fall by 93% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 14
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: CA$0.05 (down from CA$0.13 in 1Q 2025). Revenue: CA$22.2m (up 76% from 1Q 2025). Net income: CA$2.45m (down 61% from 1Q 2025). Profit margin: 11% (down from 49% in 1Q 2025). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Annonce • May 14
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About June 15, 2026 Altius Minerals Corporation board of directors has declared a quarterly dividend of $0.10 per share, payable to all shareholders of record at the close of business on May 29, 2026. The dividend is expected to be paid on or about June 15, 2026. Actualités en direct • May 12
Altius Minerals Sets New High as Royalty Revenue Outlook Broadens Across Multiple Commodities Altius Minerals reached a new 52-week high following updated expectations for Q1 2026 attributable royalty revenue.
The outlook for royalty revenue reflects contributions from copper prices, a newly acquired lithium royalty, and higher electricity royalties.
Weaker iron ore royalty contributions are part of the mix but are described as being offset by other commodities in the portfolio.
The key takeaway is that Altius is seeing its royalty revenue outlook supported by several different commodity streams rather than relying on a single driver.
For you, the main consideration is how comfortable you are with the commodity mix, especially the balance between growth areas like lithium and more volatile segments such as iron ore. Annonce • Apr 21
Altius Minerals Corporation to Report Q1, 2026 Results on May 12, 2026 Altius Minerals Corporation announced that they will report Q1, 2026 results After-Market on May 12, 2026 Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$52.43, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 142% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$30.98 per share. Recent Insider Transactions Derivative • Mar 26
Co-Founder & President exercised options to buy CA$3.6m worth of stock. On the 20th of March, John Baker exercised options to buy 80k shares at a strike price of around CA$15.59, costing a total of CA$1.3m. This transaction amounted to 13% of their direct individual holding at the time of the trade. Since September 2025, John's direct individual holding has increased from 680.66k shares to 720.80k. Company insiders have collectively bought CA$1.1m more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • Mar 25
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CA$0.68 to CA$0.79. Revenue forecast unchanged at CA$87.8m. Net income forecast to shrink 88% next year vs 37% growth forecast for Metals and Mining industry in Canada . Consensus price target broadly unchanged at CA$50.00. Share price rose 5.8% to CA$45.71 over the past week. Declared Dividend • Mar 13
Fourth quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 19th March 2026 Payment date: 2nd April 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (6% earnings payout ratio) but not covered by cash flows (414% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 79% over the next 3 years. However, it would need to fall by 93% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: CA$6.45 (vs CA$2.16 in FY 2024) Full year 2025 results: EPS: CA$6.45 (up from CA$2.16 in FY 2024). Revenue: CA$53.7m (down 7.6% from FY 2024). Net income: CA$298.6m (up 196% from FY 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Mar 11
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About April 02, 2026 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.10 per share, payable to all shareholders of record at the close of business on March 19, 2026. The dividend is expected to be paid on or about April 02, 2026. New Risk • Mar 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 42% per year for the foreseeable future. High level of non-cash earnings (55% accrual ratio). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Annonce • Mar 03
Altius Minerals Corporation, Annual General Meeting, May 13, 2026 Altius Minerals Corporation, Annual General Meeting, May 13, 2026. Price Target Changed • Feb 08
Price target increased by 8.6% to CA$46.90 Up from CA$43.17, the current price target is an average from 5 analysts. New target price is 9.6% above last closing price of CA$42.81. Stock is up 56% over the past year. The company posted earnings per share of CA$2.16 last year. Price Target Changed • Jan 30
Price target increased by 7.9% to CA$45.92 Up from CA$42.57, the current price target is an average from 6 analysts. New target price is 6.5% above last closing price of CA$43.10. Stock is up 60% over the past year. The company posted earnings per share of CA$2.16 last year. Annonce • Jan 27
Altius Minerals Corporation to Report Q4, 2025 Results on Mar 10, 2026 Altius Minerals Corporation announced that they will report Q4, 2025 results After-Market on Mar 10, 2026 Annonce • Dec 22
Altius Minerals Corporation (TSX:ALS) entered into a definitive agreement to acquire Lithium Royalty Corp. (TSX:LIRC) for approximately CAD 300 million. Altius Minerals Corporation (TSX:ALS) entered into a definitive agreement to acquire Lithium Royalty Corp. (TSX:LIRC) for approximately CAD 300 million on December 22, 2025. The Agreed Price is payable by Altius at the shareholders’ election as CAD 9.50 in cash or 0.240 of a common share of Altius (the “Altius Shares”), subject to proration to ensure the aggregate cash consideration represents no more than 1/3 of the aggregate consideration and the share consideration represents no more than 11,500,000 Altius Shares. LRC shareholders who do not elect cash or Altius Shares (subject to proration) will receive default consideration of CAD 3.16 per LRC Share in cash and 0.16 Altius Shares per LRC Share. A break fee of CAD 23.4 million is payable to Altius by LRC under specified events including if the Arrangement Agreement is terminated as a result of a superior proposal and in the event the LRC Board changes its recommendation for shareholders to vote in favour of the Transaction
The transaction is subject to customary closing conditions including approval by receipt of any required regulatory approvals under the Competition Act and customary stock exchange approvals, approval of merger agreement by target board, approval of offer by target shareholders, customary non-solicitation provisions, subject to court approval and approval of a simple majority of the minority of the votes cast by holders of subordinate voting shares excluding Royal Capital limited partnership shareholders and any other shareholders required to be excluded in accordance with MI 61-101. The expected completion of the transaction is in first quarter of 2026.
McCarthy Tétrault LLP acted as legal advisor for Altius Minerals Corporation. Scotia Capital Inc. acted as financial advisor for Altius Minerals Corporation. Recent Insider Transactions • Nov 19
Insider recently sold CA$406k worth of stock On the 17th of November, Stephen Winter sold around 10k shares on-market at roughly CA$40.63 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$828k more than they bought in the last 12 months. Declared Dividend • Nov 14
Third quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (4% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 98% over the next 3 years. Since a fall of 95% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: CA$5.72 (vs CA$0.061 in 3Q 2024) Third quarter 2025 results: EPS: CA$5.72 (up from CA$0.061 in 3Q 2024). Revenue: CA$17.2m (up 32% from 3Q 2024). Net income: CA$264.7m (up CA$261.9m from 3Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annonce • Nov 12
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About December 15, 2025 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.10 per share, payable to all shareholders of record at the close of business on November 28, 2025. The dividend is expected to be paid on or about December 15, 2025. Recent Insider Transactions • Oct 21
Independent Director recently sold CA$329k worth of stock On the 17th of October, James Digby Strauss sold around 10k shares on-market at roughly CA$33.97 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$421k more than they bought in the last 12 months. Annonce • Oct 14
Altitude Minerals Ltd (ASX:ATT) signed a purchase and sale agreement to acquire Firenze gold-silver project in Nevada, USA from Orogen Royalties Inc. (TSXV:OGN) and Altius Minerals Corporation (TSX:ALS) for $0.43 million. Altitude Minerals Ltd (ASX:ATT) signed a purchase and sale agreement to acquire Firenze gold-silver project in Nevada, USA from Orogen Royalties Inc. (TSXV:OGN) and Altius Minerals Corporation (TSX:ALS) for $0.43 million on October 14, 2025. The consideration consists of $0.43 million where, $0.3 million is paid at the time of signing a Letter of Intent, $0.1 million on signing the agreement, and $0.3 million in cash or shares on or before November 30, 2025, at the election of Altitude. Altitude will also grant a 3% net smelter return ("NSR") royalty of which 1% can be purchased for $1.5 million. Declared Dividend • Aug 14
Second quarter dividend increased to CA$0.10 Dividend of CA$0.10 is 11% higher than last year. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (17% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 58% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CA$0.12 (down from CA$0.18 in 2Q 2024). Revenue: CA$9.82m (down 50% from 2Q 2024). Net income: CA$5.35m (down 37% from 2Q 2024). Profit margin: 54% (up from 43% in 2Q 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 120%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Aug 12
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About September 15, 2025 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.10 per share, which represents an increase of 11% over recent quarterly amounts, payable to all shareholders of record at the close of business on August 29, 2025. The dividend is expected to be paid on or about September 15, 2025. Recent Insider Transactions • Aug 06
Senior VP & CFO recently sold CA$208k worth of stock On the 1st of August, Benjamin Lewis sold around 7k shares on-market at roughly CA$29.23 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Benjamin's only on-market trade for the last 12 months. Major Estimate Revision • Jul 28
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CA$51.0m to CA$56.5m. EPS estimate unchanged from CA$0.39 at last update. Metals and Mining industry in Canada expected to see average net income growth of 40% next year. Consensus price target up from CA$33.86 to CA$35.57. Share price rose 6.9% to CA$29.24 over the past week. Major Estimate Revision • Jul 17
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CA$61.6m to CA$51.0m. EPS estimate unchanged from CA$0.42 per share at last update. Metals and Mining industry in Canada expected to see average net income growth of 39% next year. Consensus price target broadly unchanged at CA$33.86. Share price was steady at CA$27.52 over the past week. Annonce • Jul 16
Altius Minerals Corporation to Report Q2, 2025 Results on Aug 11, 2025 Altius Minerals Corporation announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Annonce • Jul 10
Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others. Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others for approximately CAD 330 million on April 21, 2025. Pursuant to the Transaction, Orogen shareholders may elect to receive either CAD 1.63 in cash or 0.05355 of a Triple Flag share per each Orogen share held, and will also receive 0.25 shares in the newly created Orogen Spinco, representing approximately CAD 0.37 per each Orogen share. This represents a total consideration of CAD 2.00 per Orogen common share on a fully diluted basis, calculated using the closing price of Triple Flag shares on April 17, 2025 of CAD 30.44. The total consideration paid by Triple Flag (excluding the value of Orogen Spinco) is approximately CAD 343 million. The shareholder election will be subject to pro-ration such that the cash and share portions of the consideration will represent 50% and 50% of the total consideration (excluding the value of Orogen Spinco), respectively. Orogen shareholders who do not elect to receive either Triple Flag shares or cash will be deemed to elect a default consideration of 0.05355 of a Triple Flag share per Orogen share, in addition to 0.25 shares in Orogen Spinco per Orogen share. The transaction includes customary provisions, including non-solicitation by Orogen of alternative transactions, a right of Triple Flag to match superior proposals, and an approximately $12.5 million (CAD 17,266,750) termination fee, payable under certain circumstances. Triple Flag will finance the cash consideration from its existing undrawn $700 million (CAD 966,938,000) credit facility. As of May 28, 2025 Orogen Royalties Inc scheduled the the Meeting of the holders on June 27, 2025 at 10:00 a.m. (Pacific time) to approve a proposed arrangement entered into by the Company and Triple Flag Precious Metals Corp. On June 18, 2025 Orogen Royalties Inc is pleased to announce that Institutional Shareholder Services Inc and other similar advisory firms have each recommended that Orogen shareholders vote FOR the Arrangement Resolution with Triple Flag Precious Metals Corp.
Triple Flag has agreed to separately invest CAD 10 million to obtain an approximate 11% interest in Orogen Spinco. The transaction is to be a court-approved plan of arrangement under the Business Corporations Act (British Columbia) requiring the approval at a special meeting of at least (i) 66 2/3% of votes cast by shareholders of Orogen and (ii) a majority of votes cast by Orogen shareholders excluding the votes attributable to certain members of management. Completion is subject to regulatory and court approvals and other customary closing conditions, including the listing of Orogen Spinco on the TSX.V. The Board of Directors of Triple Flag and the Board of Directors of Orogen have unanimously approved the Transaction and recommend that shareholders vote in favor of the Transaction. Closing is expected in Q3 2025. On June 30, 2025 The deal has been approved by Orogen Shareholder and deal expected to occur on July 9, 2025. The Court hearing for the final order is scheduled to take place on July 2, 2025.
Scotiabank is acting as financial advisor to Triple Flag and Torys LLP is acting as legal counsel to Triple Flag. Scotiabank provided a fairness opinion to the Triple Flag Board of Directors. National Bank Financial is acting as financial advisor to Orogen and Osler, Hoskin & Harcourt LLP is acting as legal counsel to Orogen. National Bank Financial provided a fairness opinion to the Orogen Board of Directors.
Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others on July 9, 2025. Declared Dividend • May 16
First quarter dividend of CA$0.09 announced Dividend of CA$0.09 is the same as last year. Ex-date: 30th May 2025 Payment date: 16th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (16% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 90% over the next 3 years. Since a fall of 82% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: CA$0.13 (vs CA$0.10 in 1Q 2024) First quarter 2025 results: EPS: CA$0.13 (up from CA$0.10 in 1Q 2024). Revenue: CA$12.6m (down 9.3% from 1Q 2024). Net income: CA$6.20m (up 31% from 1Q 2024). Profit margin: 49% (up from 34% in 1Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annonce • May 14
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About June 16, 2025 Altius Minerals Corporation declared a quarterly dividend of $0.09 per share, payable to all shareholders of record at the close of business on May 30, 2025. The dividend is expected to be paid on or about June 16, 2025. Annonce • Apr 23
Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others for approximately CAD 330 million. Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Orogen Royalties Inc. (TSXV:OGN) from Altius Minerals Corporation (TSX:ALS), Adrian Day Asset Management, Euro Pacific Asset Management, LLC and others for approximately CAD 330 million on April 21, 2025. Pursuant to the Transaction, Orogen shareholders may elect to receive either CAD 1.63 in cash or 0.05355 of a Triple Flag share per each Orogen share held, and will also receive 0.25 shares in the newly created Orogen Spinco, representing approximately CAD 0.37 per each Orogen share. This represents a total consideration of CAD 2.00 per Orogen common share on a fully diluted basis, calculated using the closing price of Triple Flag shares on April 17, 2025 of CAD 30.44. The total consideration paid by Triple Flag (excluding the value of Orogen Spinco) is approximately CAD 343 million. The shareholder election will be subject to pro-ration such that the cash and share portions of the consideration will represent 50% and 50% of the total consideration (excluding the value of Orogen Spinco), respectively. Orogen shareholders who do not elect to receive either Triple Flag shares or cash will be deemed to elect a default consideration of 0.05355 of a Triple Flag share per Orogen share, in addition to 0.25 shares in Orogen Spinco per Orogen share. The transaction includes customary provisions, including non-solicitation by Orogen of alternative transactions, a right of Triple Flag to match superior proposals, and an approximately $12.5 million (CAD 17,266,750) termination fee, payable under certain circumstances. Triple Flag will finance the cash consideration from its existing undrawn $700 million (CAD 966,938,000) credit facility.
Triple Flag has agreed to separately invest CAD 10 million to obtain an approximate 11% interest in Orogen Spinco. The transaction is to be a court-approved plan of arrangement under the Business Corporations Act (British Columbia) requiring the approval at a special meeting of at least (i) 66 2/3% of votes cast by shareholders of Orogen and (ii) a majority of votes cast by Orogen shareholders excluding the votes attributable to certain members of management. Completion is subject to regulatory and court approvals and other customary closing conditions, including the listing of Orogen Spinco on the TSX.V. The Board of Directors of Triple Flag and the Board of Directors of Orogen have unanimously approved the Transaction and recommend that shareholders vote in favor of the Transaction. Closing is expected in Q3 2025. Scotiabank is acting as financial advisor to Triple Flag and Torys LLP is acting as legal counsel to Triple Flag. Scotiabank provided a fairness opinion to the Triple Flag Board of Directors. National Bank Financial is acting as financial advisor to Orogen and Osler, Hoskin & Harcourt LLP is acting as legal counsel to Orogen. National Bank Financial provided a fairness opinion to the Orogen Board of Directors. Annonce • Apr 18
Altius Minerals Corporation Provides Revenue Guidance for the First Quarter of 2025 Altius Minerals Corporation provided revenue guidance for the first quarter of 2025. For the quarter, the company expected attributable royalty revenue of $15.0 million. Annonce • Apr 17
Altius Minerals Corporation to Report Q1, 2025 Results on May 13, 2025 Altius Minerals Corporation announced that they will report Q1, 2025 results After-Market on May 13, 2025 Buy Or Sell Opportunity • Apr 11
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to CA$23.84. The fair value is estimated to be CA$19.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 9.6% in 2 years. Earnings are forecast to decline by 77% in the next 2 years. Declared Dividend • Mar 14
Fourth quarter dividend of CA$0.09 announced Shareholders will receive a dividend of CA$0.09. Ex-date: 19th March 2025 Payment date: 2nd April 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (66% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. However, EPS is expected to decline by 84% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Mar 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 59% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 59% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Annonce • Mar 12
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About April 02, 2025 Altius Minerals Corporation declared a quarterly dividend of $0.09 per share, payable to all shareholders of record at the close of business on March 19, 2025. The dividend is expected to be paid on or about April 02, 2025. Annonce • Mar 04
Altius Minerals Corporation, Annual General Meeting, May 14, 2025 Altius Minerals Corporation, Annual General Meeting, May 14, 2025. Major Estimate Revision • Jan 30
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CA$69.3m to CA$61.5m. EPS estimate unchanged from CA$0.43 per share at last update. Metals and Mining industry in Canada expected to see average net income growth of 29% next year. Consensus price target up from CA$30.07 to CA$31.21. Share price fell 4.8% to CA$27.13 over the past week. Annonce • Jan 28
Altius Minerals Corporation to Report Q4, 2024 Results on Mar 11, 2025 Altius Minerals Corporation announced that they will report Q4, 2024 results After-Market on Mar 11, 2025 Declared Dividend • Nov 11
Third quarter dividend of CA$0.09 announced Shareholders will receive a dividend of CA$0.09. Ex-date: 29th November 2024 Payment date: 16th December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: CA$0.06 (vs CA$0.078 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.06 (down from CA$0.078 in 3Q 2023). Revenue: CA$13.0m (down 14% from 3Q 2023). Net income: CA$2.85m (down 23% from 3Q 2023). Profit margin: 22% (down from 24% in 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Declared Dividend • Aug 14
Second quarter dividend of CA$0.09 announced Shareholders will receive a dividend of CA$0.09. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 18% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.18 (vs CA$0.065 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.18 (up from CA$0.065 in 2Q 2023). Revenue: CA$19.5m (up 13% from 2Q 2023). Net income: CA$8.44m (up 174% from 2Q 2023). Profit margin: 43% (up from 18% in 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Aug 09
Altius Minerals Corporation Declares Quarterly Dividend , Payable or about September 16, 2024 Altius Minerals Corporation announced that board of directors has declared a quarterly dividend of $0.09 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on August 30, 2024. The dividend is expected to be paid on or about September 16, 2024. Annonce • Jul 19
Altius Minerals Corporation to Report Q2, 2024 Results on Aug 08, 2024 Altius Minerals Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Upcoming Dividend • May 24
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.6%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (1.8%). Major Estimate Revision • May 15
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CA$58.0m to CA$62.1m. EPS estimate fell from CA$0.305 to CA$0.25 per share. Net income forecast to grow 74% next year vs 18% growth forecast for Metals and Mining industry in Canada. Consensus price target up from CA$24.38 to CA$25.09. Share price was steady at CA$22.00 over the past week. Annonce • May 10
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About June 14, 2024 The Altius Minerals Corporation’s board of directors has declared an increased quarterly dividend of $0.09 per share, which represents a 12.5% increase over recent quarterly levels. The current quarterly dividend is payable to all shareholders of record at the close of business on May 31, 2024. The dividend is expected to be paid on or about June 14, 2024. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.11 in 1Q 2023) First quarter 2024 results: EPS: CA$0.10 (down from CA$0.11 in 1Q 2023). Revenue: CA$13.9m (down 39% from 1Q 2023). Net income: CA$4.72m (down 6.8% from 1Q 2023). Profit margin: 34% (up from 22% in 1Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annonce • Apr 20
Altius Minerals Corporation to Report Q1, 2024 Results on May 08, 2024 Altius Minerals Corporation announced that they will report Q1, 2024 results After-Market on May 08, 2024 Recent Insider Transactions Derivative • Apr 19
Senior VP & CFO exercised options to buy CA$523k worth of stock. On the 17th of April, Benjamin Lewis exercised options to buy 24k shares at a strike price of around CA$7.39, costing a total of CA$180k. This transaction amounted to 35% of their direct individual holding at the time of the trade. Since September 2023, Benjamin's direct individual holding has increased from 57.31k shares to 69.16k. Company insiders have collectively bought CA$2.3m more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • Apr 19
Consensus revenue estimates decrease by 18%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CA$70.5m to CA$58.0m. EPS estimate increased from CA$0.17 to CA$0.305 per share. Net income forecast to grow 52% next year vs 13% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$24.17. Share price was steady at CA$21.42 over the past week. Annonce • Apr 19
Altius Minerals Corporation Provides Revenue Guidance for the First Quarter of 2024 Altius Minerals Corporation provided revenue guidance for the first quarter of 2024. For the quarter, the company expected attributable royalty revenue of approximately $17.4 million. Recent Insider Transactions Derivative • Mar 22
Co-Founder exercised options to buy CA$319k worth of stock. On the 19th of March, Brian Dalton exercised options to buy 16k shares at a strike price of around CA$12.91, costing a total of CA$201k. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. Since March 2023, Brian's direct individual holding has increased from 1.14m shares to 1.15m. Company insiders have collectively sold CA$1.6m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Mar 14
Fourth quarter dividend of CA$0.08 announced Dividend of CA$0.08 is the same as last year. Ex-date: 15th March 2024 Payment date: 1st April 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased by an average of 17% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 77% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Annonce • Mar 13
Altius Minerals Corporation Declares Quarterly Dividend, Payable on or About April 01, 2024 Altius Minerals Corporation declared a quarterly dividend of $0.08 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on March 18, 2024. The dividend is expected to be paid on or about April 01, 2024. New Risk • Mar 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CA$0.20 (vs CA$0.82 in FY 2022) Full year 2023 results: EPS: CA$0.20 (down from CA$0.82 in FY 2022). Revenue: CA$69.0m (down 32% from FY 2022). Net income: CA$9.54m (down 75% from FY 2022). Profit margin: 14% (down from 37% in FY 2022). Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Mar 03
Co-Founder & Executive Chairman exercised options to buy CA$561k worth of stock. On the 28th of February, John Baker exercised options to buy 31k shares at a strike price of around CA$12.91, costing a total of CA$400k. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. Since March 2023, John's direct individual holding has increased from 635.19k shares to 649.64k. Company insiders have collectively sold CA$2.0m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Mar 02
Altius Minerals Corporation, Annual General Meeting, May 17, 2024 Altius Minerals Corporation, Annual General Meeting, May 17, 2024. Annonce • Jan 24
Altius Minerals Corporation to Report Q4, 2023 Results on Mar 11, 2024 Altius Minerals Corporation announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Mar 11, 2024 Recent Insider Transactions Derivative • Jan 11
Co-Founder exercised options to buy CA$297k worth of stock. On the 5th of January, Brian Dalton exercised options to buy 16k shares at a strike price of around CA$18.04, costing a total of CA$291k. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. Since March 2023, Brian has owned 1.14m shares directly. Company insiders have collectively sold CA$2.7m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 22
Upcoming dividend of CA$0.08 per share at 1.7% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Canadian dividend payers (6.7%). Lower than average of industry peers (2.2%). Annonce • Nov 10
Altius Minerals Corporation Declares Quarterly Dividend, Payable on December 15, 2023 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.08 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on November 30, 2023. The dividend is expected to be paid on or about December 15, 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: CA$0.08 (vs CA$0.23 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.08 (down from CA$0.23 in 3Q 2022). Revenue: CA$15.2m (down 42% from 3Q 2022). Net income: CA$3.70m (down 65% from 3Q 2022). Profit margin: 24% (down from 41% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 15%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. Independent Director Teresa Conway was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Major Estimate Revision • Oct 20
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CA$77.1m to CA$72.9m. EPS estimate also fell from CA$0.34 per share to CA$0.28 per share. Net income forecast to shrink 16% next year vs 39% growth forecast for Metals and Mining industry in Canada . Consensus price target broadly unchanged at CA$24.38. Share price was steady at CA$20.82 over the past week. Upcoming Dividend • Aug 24
Upcoming dividend of CA$0.08 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (2.0%). New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.17 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.06 (down from CA$0.17 in 2Q 2022). Revenue: CA$17.3m (down 37% from 2Q 2022). Net income: CA$3.08m (down 63% from 2Q 2022). Profit margin: 18% (down from 30% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Aug 09
Altius Minerals Corporation Declares A Quarterly Dividend, Payable on or About September 15, 2023 Altius Minerals Corporation’s board of directors has declared a quarterly dividend of $0.08 per share. The current quarterly dividend is payable to all shareholders of record at the close of business on August 31, 2023. The dividend is expected to be paid on or about September 15, 2023. New Risk • Jul 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Recent Insider Transactions Derivative • Jul 09
Co-Founder & Executive Chairman exercised options to buy CA$143k worth of stock. On the 5th of July, John Baker exercised options to buy 7k shares at a strike price of around CA$21.86, costing a total of CA$146k. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. Since March 2023, John has owned 635.19k shares directly. Company insiders have collectively sold CA$3.6m more than they bought, via options and on-market transactions in the last 12 months. Annonce • Jun 22
Altius Minerals Corporation (TSX:ALS) and Orogen Royalties Inc. (TSXV:OGN) acquired Firenze gold-silver project in Nevada, USA. Altius Minerals Corporation (TSX:ALS) and Orogen Royalties Inc. (TSXV:OGN) acquired Firenze gold-silver project in Nevada, USA on June 21, 2023. The Firenze project is available for sale or option.Altius Minerals Corporation (TSX:ALS) and Orogen Royalties Inc. (TSXV:OGN) completed the acquisition of Firenze gold-silver project in Nevada, USA on June 21, 2023. New Risk • Jun 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (CA$3.7m sold). Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.08 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (2.2%).