Altius Renewable Royalties (TSE:ARR) Hits New 52-Week High – Here’s What Happened

Posted by Dante Gardener on Oct 26th, 2024

Shares of Altius Renewable Royalties Corp. (TSE:ARR – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.91 and last traded at C$11.91, with a volume of 12441 shares trading hands. The stock had previously closed at C$11.83.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ARR shares. Raymond James boosted their price target on shares of Altius Renewable Royalties from C$25.00 to C$26.50 and gave the company an “outperform” rating in a report on Friday, September 13th. TD Securities downgraded shares of Altius Renewable Royalties from a “buy” rating to a “sell” rating and lowered their price objective for the company from C$13.00 to C$12.00 in a research report on Friday, September 13th. Finally, Ventum Financial boosted their price objective on shares of Altius Renewable Royalties from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Friday, June 28th.

Get Our Latest Report on Altius Renewable Royalties

Altius Renewable Royalties Price Performance

The stock’s 50-day moving average is C$10.89 and its 200 day moving average is C$9.63. The stock has a market capitalization of C$366.09 million, a PE ratio of -148.63 and a beta of 0.97. The company has a quick ratio of 102.67, a current ratio of 250.01 and a debt-to-equity ratio of 0.12.

Altius Renewable Royalties (TSE:ARR – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported C($0.03) EPS for the quarter. Altius Renewable Royalties had a negative return on equity of 0.83% and a negative net margin of 206.69%. The business had revenue of C$1.22 million for the quarter, compared to analyst estimates of C$1.31 million.

Altius Renewable Royalties Company Profile

(Get Free Report)

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.