Altius Minerals Price Target Lifted to $36 from $35 by National Bank of Canada

11:44 AM EDT, 08/12/2025 (MT Newswires) -- National Bank of Canada on Tuesday maintained its outperform rating on the shares of Altius Minerals (ATUSF) while raising its price target to $36.00 from $35.00 following the company's second-quarter results.

The bank increased the price target after the results and the sale of a 1.0% net smelter royalty on the Arthur operation.

Altius' results include an attributable adjusted EBITDA of $7.5 million, below the bank's forecast of $10.0 million and the consensus estimate of US$9.0 million.

The rating is supported by the company's stable, long-life asset base, transitioning of the portfolio towards lower carbon-intensive commodities and leveraging in-house expertise to provide long-term exposure to future exploration success, the bank said.

Altius shares were last seen down $1.01 to $29.26 on the Toronto Stock Exchange.

Price: 29.36, Change: -0.91, Percent Change: -3.01

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