Altius Renewable Royalties Corp. (TSE:ARR) Given Average Recommendation of “Buy” by Analysts

Shares of Altius Renewable Royalties Corp. (TSE:ARRGet Free Report) have been assigned an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$13.25.

A number of research firms have recently weighed in on ARR. National Bankshares reduced their target price on shares of Altius Renewable Royalties from C$11.00 to C$10.75 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Pi Financial set a C$14.00 price target on shares of Altius Renewable Royalties and gave the stock a “buy” rating in a research report on Tuesday. Finally, Laurentian set a C$11.00 price objective on Altius Renewable Royalties and gave the stock a “buy” rating in a research note on Friday, June 23rd.

View Our Latest Report on ARR

Altius Renewable Royalties Price Performance

Altius Renewable Royalties stock traded up C$0.05 during midday trading on Tuesday, reaching C$8.30. 3,800 shares of the stock were exchanged, compared to its average volume of 13,362. The company’s fifty day moving average is C$8.96 and its 200-day moving average is C$8.81. The firm has a market cap of C$255.47 million, a PE ratio of -830.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 249.11. Altius Renewable Royalties has a 52 week low of C$6.70 and a 52 week high of C$10.05.

Altius Renewable Royalties (TSE:ARRGet Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.01 by C($0.02). The company had revenue of C$0.82 million for the quarter, compared to the consensus estimate of C$0.73 million. Altius Renewable Royalties had a negative return on equity of 0.15% and a negative net margin of 23.16%.

About Altius Renewable Royalties

(Get Free Report

Altius Renewable Royalties Corp., a renewable energy royalty company, holds interest in the royalties and investments in renewable energy projects. It also provides tailored financing solutions to the renewable power sector. The company operates wind, solar, battery storage, and other types of renewable energy projects located in Texas, Kansas, California, and Vermont.

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Analyst Recommendations for Altius Renewable Royalties (TSE:ARR)

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