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/Mis Actual Consensu

s s

Estimate

Q3 Beat C$0.17 C$0.08

Adjusted (6

EPS Analysts

)

Q3 C$7.70

Adjusted mln

Net

Income

Q3 Net C$264.90

Income mln

Q3 Beat C$13.20 C$10.60

Adjusted mln mln (2

EBITDA Analysts

)

Q3 C$0.10

Dividend

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 ( ATUSF ) 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:

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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.)