Altius Renewable Royalties Corp. (TSE:ARR – Get Free Report)’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.
Get Our Latest Research Report on ARR
Altius Renewable Royalties Stock Performance
Altius Renewable Royalties (TSE:ARR – Get Free Report) 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.
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