Altius Renewable Royalties (TSE:ARR) Reaches New 12-Month High at $11.85

Altius Renewable Royalties Corp. (TSE:ARR) reached a new 52-week high on Thursday . The stock traded as high as C$11.85 and last traded at C$11.78, with a volume of 52596 shares traded. The stock had previously closed at C$11.00.

Wall Street Analyst Weigh In

Separately, Ventum Financial boosted their target price on Altius Renewable Royalties from C$13.00 to C$14.00 and gave the company a “buy” rating in a research note 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$12.50.

Altius Renewable Royalties Price Performance

The company has a market cap of C$362.71 million, a PE ratio of -147.25 and a beta of 0.89. The firm’s 50-day moving average is C$9.32 and its 200-day moving average is C$8.92. 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) last posted its earnings results on Monday, August 5th. The company reported C($0.03) earnings per share for the quarter. Altius Renewable Royalties had a negative return on equity of 0.83% and a negative net margin of 206.69%. The firm had revenue of C$1.22 million for the quarter, compared to analysts’ expectations of C$1.31 million. On average, equities analysts anticipate that Altius Renewable Royalties Corp. will post 0.0539234 EPS for the current 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.