The Globe and Mail reports in its Friday, Nov. 14, edition that Scotia Capital analyst Orest Wowkodaw has downgraded Altius Minerals to "sector perform" from "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Wowkodaw, however, gave his share target a $5 boost to $42. Analysts on average target the shares at $41.43. Mr. Wowkodaw says in a note: "We are lowering our investment rating on Altius Minerals shares to 'sector perform' (from 'sector outperform') based on a more balanced risk reward outlook at current levels. With the shares now trading at a relatively fulsome 5-per-cent P/NAV multiple of 1.57 times, a negligible implied return to our revised 12-month target of $42 per share, and no obvious near-term next catalyst ahead, we see better opportunities in other mining/royalty equities. After receiving windfall proceeds of $375-million from the recent sale of a 1-per-cent royalty interest in the Silicon Au deposit in Nevada, Altius is very well positioned to redeploy capital into new business opportunities ahead. However, we do not anticipate a meaningful step-up in the company's share buyback program at the current valuation."