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

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 trading hands. The stock had previously closed at C$11.89.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ARR shares. Raymond James lifted their price objective on Altius Renewable Royalties from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a report on Friday, September 13th. TD Securities lowered Altius Renewable Royalties from a “buy” rating to a “sell” rating and lowered their price target for the stock from C$13.00 to C$12.00 in a research note on Friday, September 13th.

Altius Renewable Royalties Stock Up 0.8 %

The firm has a market capitalization of C$368.86 million, a PE ratio of -149.38 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. The business has a 50-day moving average price of C$11.86 and a 200-day moving average price of C$10.12.

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.