Altius Renewable Royalties Corp. (TSE:ARR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.91 and last traded at C$11.91, with a volume of 12441 shares traded. The stock had previously closed at C$11.83.
Wall Street Analyst Weigh In
Several research analysts have recently commented on ARR shares. Raymond James raised their price objective on shares of Altius Renewable Royalties from C$25.00 to C$26.50 and gave the company an "outperform" rating in a research note on Friday, September 13th. TD Securities lowered shares of Altius Renewable Royalties from a "buy" rating to a "sell" rating and reduced their target price for the stock from C$13.00 to C$12.00 in a report on Friday, September 13th. Finally, Ventum Financial boosted their price target on shares of Altius Renewable Royalties from C$13.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, June 28th.
Check Out Our Latest Report on ARR
Altius Renewable Royalties Stock Performance
The stock has a 50-day moving average price of C$10.77 and a 200 day moving average price of C$9.60. The company has a quick ratio of 102.67, a current ratio of 250.01 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$365.48 million, a price-to-earnings ratio of -148.88 and a beta of 0.97.
Altius Renewable Royalties (TSE:ARR - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported C($0.03) EPS for the quarter. Altius Renewable Royalties had a negative return on equity of 0.83% and a negative net margin of 206.69%. The firm had revenue of C$1.22 million for 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.
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