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TSE:ARR

Altius Renewable Royalties (ARR) Stock Price, News & Analysis

Altius Renewable Royalties logo
C$11.86
-0.01 (-0.08%)
(As of 11/1/2024 05:18 PM ET)

About Altius Renewable Royalties Stock (TSE:ARR)

Key Stats

Today's Range
C$11.86
C$11.87
50-Day Range
C$8.97
C$11.90
52-Week Range
C$6.80
C$11.97
Volume
14,700 shs
Average Volume
14,788 shs
Market Capitalization
C$365.17 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$15.30
Consensus Rating
Moderate Buy

Company Overview

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. It also holds royalty interests related to a portfolio of approximately 5.5 GW of development stage wind and solar energy projects located across the United States; and 700 MW of wind projects under construction. Altius Renewable Royalties Corp. was incorporated in 2018 and is headquartered in St. John's, Canada. Altius Renewable Royalties Corp. operates as a subsidiary of Callinan Royalties Corporation.

Altius Renewable Royalties Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
25th Percentile Overall Score

ARR MarketRank™: 

Altius Renewable Royalties scored higher than 25% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Altius Renewable Royalties has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Altius Renewable Royalties has only been the subject of 2 research reports in the past 90 days.

  • Read more about Altius Renewable Royalties' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Altius Renewable Royalties is -148.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Altius Renewable Royalties is -148.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Altius Renewable Royalties has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Altius Renewable Royalties' valuation and earnings.
  • Short Interest

    There is no current short interest data available for ARR.
  • Dividend Yield

    Altius Renewable Royalties does not currently pay a dividend.

  • Dividend Growth

    Altius Renewable Royalties does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for ARR.
  • Search Interest

    37 people have searched for ARR on MarketBeat in the last 30 days. This is an increase of 28% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Altius Renewable Royalties insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    58.92% of the stock of Altius Renewable Royalties is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 21.77% of the stock of Altius Renewable Royalties is held by institutions.

  • Read more about Altius Renewable Royalties' insider trading history.
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ARR Stock News Headlines

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ARR Stock Analysis - Frequently Asked Questions

Altius Renewable Royalties' stock was trading at C$7.68 at the beginning of the year. Since then, ARR shares have increased by 54.4% and is now trading at C$11.86.
View the best growth stocks for 2024 here
.

Altius Renewable Royalties Corp. (TSE:ARR) released its earnings results on Monday, August, 5th. The company reported ($0.03) earnings per share for the quarter. The company earned $1.22 million during the quarter, compared to analyst estimates of $1.31 million. Altius Renewable Royalties had a negative net margin of 206.69% and a negative trailing twelve-month return on equity of 0.83%.

Shares of ARR stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Altius Renewable Royalties investors own include NVIDIA (NVDA), Stem (STEM), CrowdStrike (CRWD), Annaly Capital Management (NLY), Advanced Micro Devices (AMD), Enterprise Products Partners (EPD) and Intel (INTC).

Company Calendar

Last Earnings
8/05/2024
Today
11/02/2024
Next Earnings (Estimated)
11/04/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
Trading
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$15.30
High Stock Price Target
C$26.50
Low Stock Price Target
C$11.00
Potential Upside/Downside
+29.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
C$-1,670,000.00
Net Margins
-206.69%
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.67 million
Cash Flow
C$2.76 per share
Book Value
C$6.73 per share

Miscellaneous

Free Float
N/A
Market Cap
C$365.17 million
Optionable
Not Optionable
Beta
0.97
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This page (TSE:ARR) was last updated on 11/2/2024 by MarketBeat.com Staff
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