Raymond James Increases Altius Renewable Royalties (TSE:ARR) Price Target to C$26.50

Altius Renewable Royalties (TSE:ARR) had its target price raised by Raymond James from C$25.00 to C$26.50 in a report released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Ventum Financial raised their price target on shares of Altius Renewable Royalties from C$13.00 to C$14.00 and gave the stock a buy rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Altius Renewable Royalties currently has a consensus rating of Moderate Buy and an average target price of C$15.30.

Altius Renewable Royalties Price Performance

ARR stock opened at C$11.78 on Friday. The business has a 50-day moving average of C$9.42 and a 200-day moving average of C$8.96. Altius Renewable Royalties has a fifty-two week low of C$6.60 and a fifty-two week high of C$11.85. The stock has a market capitalization of C$362.71 million, a P/E ratio of -147.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 250.01 and a quick ratio of 102.67.

Altius Renewable Royalties (TSE:ARR) last released its quarterly earnings data on Monday, August 5th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$1.22 million during the quarter, compared to analyst estimates of C$1.31 million. Altius Renewable Royalties had a negative net margin of 206.69% and a negative return on equity of 0.83%. On average, sell-side analysts anticipate that Altius Renewable Royalties will post 0.0539234 earnings per share for the current fiscal year.

Altius Renewable Royalties Company Profile

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.