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

Altius Renewable Royalties (TSE:ARR) had its target price increased by Raymond James from C$25.00 to C$26.50 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Ventum Financial boosted their target price on shares of Altius Renewable Royalties from C$13.00 to C$14.00 and gave the stock a buy rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$15.30.

Altius Renewable Royalties Stock Down 0.2 %

Shares of ARR opened at C$11.78 on Friday. The firm has a market capitalization of C$362.71 million, a P/E ratio of -147.25 and a beta of 0.89. Altius Renewable Royalties has a 12-month low of C$6.60 and a 12-month high of C$11.85. The company has a current ratio of 250.01, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of C$9.37 and a 200-day moving average price of C$8.95.

Altius Renewable Royalties (TSE:ARR) last released its quarterly earnings data on Monday, August 5th. The company reported C($0.03) earnings per share for the quarter. The firm had revenue of C$1.22 million during the quarter, compared to the consensus estimate 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%. Equities research 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.