Altius Renewable Royalties (TSE:ARR) Hits New 52-Week High – Here’s Why

Posted by Teresa Graham on Oct 19th, 2024

Shares of Altius Renewable Royalties Corp. (TSE:ARR – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as C$11.85 and last traded at C$11.83, with a volume of 1100 shares trading hands. The stock had previously closed at C$11.84.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TD Securities lowered Altius Renewable Royalties from a “buy” rating to a “sell” rating and cut their price objective for the stock from C$13.00 to C$12.00 in a research report on Friday, September 13th. Ventum Financial boosted their price objective on Altius Renewable Royalties from C$13.00 to C$14.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Raymond James lifted 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, September 13th.

View Our Latest Research Report on ARR

Altius Renewable Royalties Stock Up 0.4 %

The firm has a 50-day moving average price of C$10.65 and a two-hundred day moving average price of C$9.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 250.01. The firm has a market cap of C$366.40 million, a price-to-earnings ratio of -148.75 and a beta of 0.97.

Altius Renewable Royalties (TSE:ARR – Get Free Report) last issued its earnings results on Monday, August 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. Altius Renewable Royalties had a negative net margin of 206.69% and a negative return on equity of 0.83%. The company had revenue of C$1.22 million during the quarter, compared to analyst estimates of C$1.31 million.

Altius Renewable Royalties Company Profile

(Get Free Report)

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.