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

Altius Renewable Royalties Corp. (TSE:ARRGet Free Report) has earned a consensus recommendation of “Buy” from the five ratings firms that are presently covering the firm, reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$13.25.

A number of equities analysts have commented on the company. Pi Financial set a C$14.00 price objective on Altius Renewable Royalties and gave the stock a “buy” rating in a research note on Tuesday. Laurentian set a C$11.00 price objective on Altius Renewable Royalties and gave the company a “buy” rating in a research report on Friday, June 23rd. Finally, National Bankshares dropped their target price on 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.

View Our Latest Report on ARR

Altius Renewable Royalties Stock Up 0.6 %

Shares of TSE:ARR traded up C$0.05 on Tuesday, hitting C$8.30. 3,800 shares of the company’s stock were exchanged, compared to its average volume of 13,362. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 249.11. The firm’s 50-day moving average is C$8.96 and its 200 day moving average is C$8.81. The company has a market capitalization of C$255.47 million, a PE ratio of -830.00 and a beta of 0.84. Altius Renewable Royalties has a 1-year low of C$6.70 and a 1-year high of C$10.05.

Altius Renewable Royalties (TSE:ARRGet Free Report) last issued its quarterly 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 firm had revenue of C$0.82 million during the quarter, compared to the consensus estimate 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%.

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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