Altius Minerals initiated with an Outperform at National Bank

National Bank analyst Shane Nagle initiated coverage of Altius Minerals with an Outperform rating and C$26.50 price target. Altius is a diversified mining royalty and streaming company with a "stable, long-life" asset base, Nagle tells investors in a research note. The company is transitioning its portfolio towards lower carbon intensive commodities and leveraging its in-house expertise to provide long-term exposure to future exploration success, says the analyst.