01:53 PM EDT, 10/17/2024 (MT Newswires) -- Altius Minerals ( ATUSF ) announced expected third quarter attributable royalty revenue of $16.6 million, missing National Bank's estimate of $18.4 million. National Bank expects the revenue miss will lead to a negative impact of ~$1.9 million to NBF's current third quarter attributable EBITDA estimate of $13.3 million (~14%).

Analyst Shane Nagle says the Outperform 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. "While we see some risks to near-term commodity prices, long term fundamentals remain supportive and the company has an established track record of investing throughout the commodity cycle."

Target of $32.50.

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