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Altius Minerals raises price target amid record royalty revenue and portfolio expansion

Analyst Insights
22 Jul 2026
Andrew Wynn
View Source
Bullish
pluang ai news

Altius Minerals Corporation sees a price target increase from C$51 to C$54 by Bank of Montreal, reflecting optimism despite a 'Market Perform' rating. The company projects record Q2 2026 royalty revenue of about $30 million, up from $12.7 million a year earlier, driven by strong operational growth. It also raised C$181.5 million in a public offering and increased its stake in TNR Gold Corp, signaling strategic expansion in mining investments. These developments position Altius for continued growth in the mining royalty sector.

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