- Scotiabank raised its price target for Altius Minerals to C$57, indicating a positive outlook for the mining royalty company.
- Altius Minerals reported robust Q1 2026 results, with attributable royalty revenue surging to $26.8 million.
- Growth was fueled by higher prices, copper stream deliveries, new lithium royalties, and a strategic $4.1 million investment in TNR Gold Corp.
Altius Minerals (OTCQX: ATUSF) is a company that invests in mining projects. Instead of operating mines, it provides financing to other companies. In return, Altius Minerals receives a percentage of the mine’s future revenue or production, which is known as a royalty or stream. The company has a market capitalization of approximately $1.73 billion.
On May 14, 2026, investment firm Scotiabank maintained its “Sector Perform” rating for Altius Minerals. This rating is similar to a “hold” recommendation, suggesting investors should keep their current position in the stock. At the time of the update, the stock price was $40.12, and it currently trades near its 52-week high of $41.73.
While the rating did not change, Scotiabank raised its price target for Altius Minerals to C$57 from C$50. A price target is an analyst’s projection of a stock’s future price. This increase signals a more positive outlook on the company’s value, supported by its recent financial results and strategic activities.
The company’s strong performance is clear in its first-quarter 2026 results. As highlighted by Business Wire, Altius Minerals reported attributable royalty revenue of $26.8 million. This is a large increase from the $15.0 million reported in the same quarter of 2025. The company also announced adjusted earnings of $5.4 million for the quarter.
This revenue growth comes from higher realized prices and the timing of copper stream deliveries. The addition of four new operating lithium royalties also contributed to the increase. Furthermore, Altius Minerals is making a strategic investment of over $4.1 million in TNR Gold Corp. through a private placement to fund future growth.
