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

Altius Renewable Royalties (TSE:ARR) had its price target raised by analysts at Raymond James from C$25.00 to C$26.50 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 124.96% from the company’s current price.

Separately, Ventum Financial boosted their target price on 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 equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$15.30.

Altius Renewable Royalties Stock Performance

ARR stock traded down C$0.02 during trading on Friday, hitting C$11.78. The company had a trading volume of 19,881 shares, compared to its average volume of 12,763. The firm has a market cap of C$362.71 million, a PE ratio of -147.25 and a beta of 0.89. Altius Renewable Royalties has a 1-year low of C$6.60 and a 1-year high of C$11.85. The firm has a 50-day moving average price of C$9.32 and a 200-day moving average price of 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 issued its quarterly earnings results on Monday, August 5th. The company reported C($0.03) earnings per share (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, analysts expect that Altius Renewable Royalties will post 0.0539234 earnings per share 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.