Altius Renewable Royalties (TSE:ARR) Shares Up 2.3%

Altius Renewable Royalties Corp. (TSE:ARRGet Free Report)’s stock price shot up 2.3% on Friday . The company traded as high as C$9.18 and last traded at C$9.18. 81,160 shares traded hands during trading, an increase of 551% from the average session volume of 12,466 shares. The stock had previously closed at C$8.97.

Wall Street Analyst Weigh In

Separately, TD Securities raised their target price on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the company a “buy” rating in a research note on Friday, March 1st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Altius Renewable Royalties has an average rating of “Buy” and a consensus price target of C$11.90.

Check Out Our Latest Stock Analysis on ARR

Altius Renewable Royalties Stock Performance

The stock’s 50 day moving average price is C$9.19 and its 200 day moving average price is C$8.31. The company has a current ratio of 209.99, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12. The firm has a market cap of C$282.65 million, a PE ratio of -153.00 and a beta of 0.95.

Altius Renewable Royalties (TSE:ARRGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). The business had revenue of C$1.47 million during the quarter, compared to analysts’ expectations of C$1.50 million. Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%. As a group, equities analysts forecast that Altius Renewable Royalties Corp. will post 0.0482034 earnings per share for the current fiscal year.

About Altius Renewable Royalties

(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.

Featured Stories

Receive News & Ratings for Altius Renewable Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altius Renewable Royalties and related companies with MarketBeat.com's FREE daily email newsletter.