** Shares of Canadian mining company Altius Minerals

rise as much as 2.1% to C$26.53

** Brokerage Scotiabank upgrades stock to "sector outperform" from "sector perform"; raises PT to C$33 from C$27

** Scotiabank says the recently proposed Kami Fe project in the Labrador Trough, of which ALS holds a 3% gross revenue royalty claim, as "very positive" for the company's shares

** Also notes the royalty from the likely monetization, post-arbitration ruling of AngloGold Ashanti's Silicon Au project in Nevada, as an anticipated material catalyst for ALS's shares over the next 12 to 18 months

** Five of seven brokerages rate the stock "buy" and two "hold"; with a median PT of C$30, according to data compiled by LSEG

** Including session moves, stock up 43.7% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))