Altius Minerals Corporation

TSX:ALS Stock Report

Market Cap: CA$3.8b

Altius Minerals Valuation

Is ALS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ALS (CA$66.56) is trading below our estimate of future cash flow value (CA$83.8)

Significantly Below Future Cash Flow Value: ALS is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALS?

Key metric: As ALS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ALS. This is calculated by dividing ALS's market cap by their current earnings.
What is ALS's PE Ratio?
PE Ratio13.1x
EarningsCA$297.93m
Market CapCA$3.78b

Price to Earnings Ratio vs Peers

How does ALS's PE Ratio compare to its peers?

The above table shows the PE ratio for ALS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.3x
VMET Versamet Royalties
28.4x38.51%CA$1.5b
MDI Major Drilling Group International
50.8x21.96%CA$1.3b
SCZ Santacruz Silver Mining
21.3x32.93%CA$1.2b
ARG Amerigo Resources
16.7xn/aCA$1.3b
ALS Altius Minerals
13.1x-25.15%CA$3.8b

Price-To-Earnings vs Peers: ALS is good value based on its Price-To-Earnings Ratio (13.1x) compared to the peer average (29.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ALS's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

38 CompaniesPrice / EarningsEstimated GrowthMarket Cap
THX Thor Explorations
3.1x-4.88%US$624.96m
DC.A Dundee
2xn/aUS$336.38m
FISH Sailfish Royalty
2.4x-87.93%US$327.64m
MMY Monument Mining
3.4xn/aUS$247.20m
ALS 13.1xIndustry Avg. 16.9xNo. of Companies38PE01632486480+
38 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALS is good value based on its Price-To-Earnings Ratio (13.1x) compared to the Canadian Metals and Mining industry average (16.9x).

Price to Earnings Ratio vs Fair Ratio

What is ALS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.1x
Fair PE Ratio7.5x

Price-To-Earnings vs Fair Ratio: ALS is expensive based on its Price-To-Earnings Ratio (13.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$66.56
CA$68.71
+3.24%
12.17%CA$83.00CA$54.00n/a7
Sep ’27CA$62.22
CA$68.71
+10.44%
12.17%CA$83.00CA$54.00n/a7
Aug ’27CA$57.99
CA$64.86
+11.84%
11.55%CA$79.00CA$54.00n/a7
Jul ’27CA$63.52
CA$59.07
-7.00%
8.47%CA$68.00CA$51.00n/a7
Jun ’27CA$59.65
CA$58.50
-1.93%
9.62%CA$68.00CA$49.00n/a7
May ’27CA$50.20
CA$51.36
+2.31%
7.41%CA$57.50CA$44.00n/a7
Apr ’27CA$51.10
CA$50.00
-2.15%
6.93%CA$55.00CA$43.00n/a7
Mar ’27CA$48.19
CA$46.90
-2.68%
11.53%CA$52.50CA$37.00n/a5
Feb ’27CA$43.10
CA$45.92
+6.54%
11.43%CA$52.50CA$37.00n/a6
Jan ’27CA$40.84
CA$42.14
+3.19%
11.09%CA$51.00CA$35.00n/a7
Dec ’26CA$39.80
CA$41.43
+4.09%
11.01%CA$51.00CA$35.00n/a7
Nov ’26CA$37.96
CA$37.79
-0.46%
5.19%CA$40.00CA$34.00n/a7
Oct ’26CA$34.08
CA$36.36
+6.68%
5.73%CA$40.00CA$34.00n/a7
Sep ’26CA$29.98
CA$35.67
+18.97%
8.04%CA$40.00CA$31.00CA$62.226
Aug ’26CA$29.38
CA$35.57
+21.07%
7.49%CA$40.00CA$31.00CA$57.997
Jul ’26CA$27.38
CA$33.50
+22.35%
12.75%CA$40.00CA$26.00CA$63.526
Jun ’26CA$26.34
CA$33.67
+27.82%
14.11%CA$40.00CA$25.00CA$59.656
May ’26CA$26.85
CA$33.21
+23.70%
13.36%CA$40.00CA$25.00CA$50.207
Apr ’26CA$24.88
CA$31.86
+28.04%
9.99%CA$35.00CA$25.00CA$51.107
Mar ’26CA$24.13
CA$31.50
+30.54%
10.36%CA$35.00CA$24.00CA$48.197
Feb ’26CA$27.01
CA$31.21
+15.57%
10.55%CA$35.00CA$24.00CA$43.107
Jan ’26CA$26.62
CA$29.79
+11.89%
11.20%CA$33.00CA$23.00CA$40.847
Dec ’25CA$26.31
CA$28.93
+9.95%
10.95%CA$33.00CA$23.00CA$39.807
Nov ’25CA$26.89
CA$28.71
+6.78%
11.47%CA$33.00CA$23.00CA$37.967
Oct ’25CA$26.30
CA$26.79
+1.85%
10.55%CA$32.00CA$23.00CA$34.087
Sep ’25CA$24.30
CA$25.71
+5.82%
11.14%CA$32.00CA$22.00CA$29.987
CA$68.71
Fair Value
3.1% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 21:51
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Altius Minerals Corporation is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrayATB Cormark
Richard GrayATB Cormark Historical (Cormark Securities)
Rene CartierBMO Capital Markets Equity Research