Altius Renewable Royalties (TSE:ARR) Reaches New 1-Year High at $10.11

Altius Renewable Royalties Corp. (TSE:ARR)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$10.11 and last traded at C$10.08, with a volume of 27071 shares. The stock had previously closed at C$9.41.

Analyst Upgrades and Downgrades

Separately, Ventum Financial raised their price target on Altius Renewable Royalties from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, June 28th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$12.50.

Altius Renewable Royalties Stock Performance

The company has a quick ratio of 102.67, a current ratio of 250.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of C$319.29 million, a P/E ratio of -129.63 and a beta of 0.89. The business has a fifty day moving average price of C$9.25 and a 200-day moving average price of C$8.87.

Altius Renewable Royalties (TSE:ARR) last posted its earnings results on Monday, August 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. Altius Renewable Royalties had a negative net margin of 206.69% and a negative return on equity of 0.83%. The company had revenue of C$1.22 million for the quarter, compared to the consensus estimate of C$1.31 million. On average, sell-side analysts expect that Altius Renewable Royalties Corp. will post 0.0482034 EPS for the current year.

About Altius Renewable Royalties

Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont.