The Globe and Mail reports in its Thursday, Aug. 14, edition that National Bank Financial analyst Shane Nagle has reaffirmed his "outperform" recommendation for Altius Minerals. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle boosted his share target by a loonie to $36. Analysts on average target the shares at $35.71. Mr. Nagle says in a note: "We have incorporated in-line Q2 financials as well as the recent Arthur Gold royalty sale. Our 'outperform' rating remains supported by the company's stable, long-life asset base, transitioning of the portfolio toward lower carbon-intensive commodities and leveraging in-house expertise to provide long-term exposure to future exploration success. We anticipate several positive updates from the portfolio including resource update and advancement of the Sauva deposit at Chapada, and advancement of Kami."
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