Altius Renewable Royalties (TSE:ARR) Downgraded by TD Securities to Sell

TD Securities lowered shares of Altius Renewable Royalties (TSE:ARR) from a buy rating to a sell rating in a research note published on Friday morning, BayStreet.CA reports. TD Securities currently has C$12.00 price objective on the stock, down from their previous price objective of C$13.00.

Other equities research analysts also recently issued reports about the company. Ventum Financial boosted their target price on 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. Raymond James upped their price target on shares of Altius Renewable Royalties from C$25.00 to C$26.50 and gave the stock an outperform rating in a research note on Friday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, Altius Renewable Royalties presently has an average rating of Moderate Buy and a consensus price target of C$15.30.

Altius Renewable Royalties Price Performance

Shares of Altius Renewable Royalties stock opened at C$11.78 on Friday. Altius Renewable Royalties has a 1 year low of C$6.60 and a 1 year high of C$11.85. The firm has a market cap of C$362.71 million, a price-to-earnings ratio of -147.25 and a beta of 0.89. The company has a 50-day moving average of C$9.42 and a 200 day moving average of C$8.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 250.01 and a quick ratio of 102.67.

Altius Renewable Royalties (TSE:ARR) last announced its earnings results on Monday, August 5th. The company reported C($0.03) earnings per share for the quarter. Altius Renewable Royalties had a negative net margin of 206.69% and a negative return on equity of 0.83%. The business had revenue of C$1.22 million for the quarter, compared to the consensus estimate of C$1.31 million. As a group, sell-side analysts anticipate that Altius Renewable Royalties will post 0.0539234 earnings per share for the current fiscal 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.