Altius Renewable Royalties (TSE:ARR – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Pi Financial in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a C$14.00 price objective on the stock. Pi Financial’s price objective suggests a potential upside of 67.87% from the company’s current price. Pi Financial also issued estimates for Altius Renewable Royalties’ Q3 2023 earnings at $0.03 EPS, Q4 2023 earnings at ($0.01) EPS, FY2023 earnings at $0.01 EPS, FY2024 earnings at $0.05 EPS and FY2025 earnings at $0.27 EPS.
ARR has been the subject of several other research reports. National Bankshares lowered their price target on Altius Renewable Royalties from C$11.00 to C$10.75 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. Laurentian set a C$11.00 price target on Altius Renewable Royalties and gave the company a “buy” rating in a research note on Friday, June 23rd. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$13.36.
Altius Renewable Royalties Price Performance
Altius Renewable Royalties (TSE:ARR – Get Free Report) last issued its earnings results on Tuesday, August 1st. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.02). The business had revenue of C$0.82 million during the quarter, compared to analyst estimates of C$0.73 million. Altius Renewable Royalties had a negative net margin of 23.16% and a negative return on equity of 0.15%.
Altius Renewable Royalties Company Profile
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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