AltiusMinerals Corp (ALS.TO)

Still has a high conviction in the position. Its diversification is underappreciated. Stronger underlying commodity prices support higher royalty revenue.

Fundamentally still strong, but only 5% upside means it's a potential trim.

(Note the short timeframe.)  Space has done well. No longer a cheap or overlooked name. Low risk/high margin model is still the core of the story. Lithium acquisition really improves long-term growth profile. High-quality way to stay exposed to the resource/energy theme. A hold for now, don't chase.

She likes the royalty models which don't have the risks of operating mines. Its copper, potash, etc. covers the structural growth sectors. She sees 24% upside from here. It has steady cash flow, low net debt and a weaker U..S. dollar is good for it. It scores 9 out of 10 for fundamentals.
Buy 5  Hold 1  Sell 0

Ranked as a 4 in his system, which is high praise. Holds management team in high regard. Wonderful asset allocators and patient investors. Recently entered into royalties for renewable energy.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Growth has been good and the balance sheet is decent. The royalty properties are solid. They have some potential to grow dividends. Valuation is high at 29x earnings for a small company. Management has done a good job and the sector remains good. Unlock Premium - Try 5i Free

(A Top Pick March 2/17, Up 8.5%) A high-quality Canadian company. A brilliant team that's generated substantial free cash.

Superb team. He's a founding shareholder. Generates $45 million a year in EBIT. Has great royalty income. Their allocation of capital sets them apart from other mining companies. Active in Canada and worldwide in many commodities. (Analysts’ price target is $16.42)

Brian Dalton runs this and has had a remarkable long-term success and patience with the company, which is in diversified base metals. His royalties in the 1st year, which was only $3 million, is now $60 million. Dividend yield of 1.1%. (Analysts' price target is $16.)

Continues to be very Long and a very strong holder. World-class Canadian allocators of capital and world-class land spread. Perfect practitioners of the joint venture business model, and great merchant bankers in the mining business. An absolute “must own” in a junior portfolio. The knocks against the company will be that they have a lot of coal revenues, as well as their leverage to potash.

(Top Pick Sep 28/16, Up 10.06%) It is a core holding in any junior resource portfolio. It is an extremely well run company. It is a first quality company with first quality deposit.