Opinions
Rick Rule
AltiusMinerals Corp
ALS-T
COMMENT
Nov 09, 2017
$12.300
Stock price when the opinion was issued
precious metals
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BUY
A big holding for him. Management has histoorically found big mining projects and done great job adding value by selling them or harvesting the cash flow. With the China-US trade war, base metals are out of favour, though. But he still sees value in base metals and commodities, so ALS is a reasonable buy here.
precious metals
DON'T BUY
An excellently managed royalty with diversified metals -- mostly base metals, coal and potash along with gold. It is down about 16% since August as it was impacted by lower copper prices and some reductions in production. They carry about $95 million in debt, costing about $2 million per quarter. There may be some short term financing risk.
precious metals
BUY
He's owned this for two decades. ALS has been weak lately because a lot of its cash from royalties from coal mines. Alberta suspects coal gets backed out by natural gas, which means ALS's free cash flow from that gas will decline in the next five years. This stock is still very cheap based on free cash flow and is in great financial shape. A lot of cash is smart in this volatile market
precious metals
BUY
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
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TOP PICK
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
precious metals
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.