Altius Renewable Royalties (TSE:ARR) Hits New 12-Month High – What’s Next?

Altius Renewable Royalties Corp. (TSE:ARR)’s share price hit a new 52-week high on Monday . The company traded as high as C$11.98 and last traded at C$11.98, with a volume of 1086 shares traded. The stock had previously closed at C$11.89.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ARR shares. TD Securities downgraded shares of Altius Renewable Royalties from a “buy” rating to a “sell” rating and dropped their price objective for the company from C$13.00 to C$12.00 in a research note on Friday, September 13th. Raymond James raised their price objective on shares of Altius Renewable Royalties from C$25.00 to C$26.50 and gave the company an “outperform” rating in a research note on Friday, September 13th.

Altius Renewable Royalties Stock Up 0.3 %

The company has a market cap of C$369.48 million, a PE ratio of -149.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 250.01. The stock’s 50 day moving average price is C$11.86 and its 200-day moving average price is C$10.16.

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.