Altius Minerals Gets a Buy Rating from TD Securities

By Ryan Adsit

Altius Minerals (TSX: ALS), the Materials sector company was revisited on May 17, and remains undervalued for at least one analyst on the street. On May 17, analyst Carey MacRury gave a Buy rating to ALS and set a C$16.50 price target.

MacRury wrote:

“We expect the higher revenue to be driven by higher potash volumes from PotashCorp’s Rocanville operation, a full year run rate from the Chapada copper stream, and higher y/y commodity prices. We have revised our forecasts to reflect the Q4/17 royalty revenue and $25 million in preferred securities. We are now forecasting FY18 EBITDA of $42.7 million ($43.7 million previously).”

According to, MacRury is ranked #3245 out of 4560 analysts.

Altius Minerals has an analyst consensus of Moderate Buy, with a price target consensus of C$15.25.

The company has a one year high of C$14.06 and a one year low of C$9.01. Currently, Altius Minerals has an average volume of 54.89K.

Altius Minerals Corp. explores and develops mineral properties. It is a diversified minerals royalty company with focus on the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests include mining operations that produce thermal and metallurgical coal, potash, nickel, copper and cobalt. It holds other pre-development stage royalties and its project generation pipeline contains a diversified portfolio of exploration stage projects and royalties, many of which are being advanced through various partner funding arrangements. The company also built a portfolio of directly and indirectly held junior resource investments. Altius Minerals was founded by Brian F. Dalton, John Antle Baker and Roland W. Butler Jr. on March 5, 1997 and is headquartered in St. John’s, Canada.

The company’s shares closed last Thursday at $11.02.