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Altius Minerals Price Target Raised to $52 at Raymond James

-- Raymond James raised its price target on Altius Minerals Corp. (ALS.TO) to $52 from $48.

Analyst Brian MacArthur maintained an Outperform rating on shares of the Canadian diversified mining and metals royalty company ahead of its Q1 results on May 12.

"ALS expects to report 1Q26 attributable royalty revenue of about $26.4 Million compared to $15.0 Million in 1Q25," MacArthur said in a note to clients.

"Of note base metal revenue of $9.1 Million for the quarter reflects higher realized copper prices and the timing of copper stream deliveries from Chapada, as well as higher Voisey's Bay revenue while increased lithium revenue of $5.4 Million reflects the acquisition of Lithium Royalty Corp," the analyst said.

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