Altius Renewable Royalties (TSE:ARR) Hits New 12-Month High at $9.75

Altius Renewable Royalties Corp. (TSE:ARR) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$9.75 and last traded at C$9.75, with a volume of 9513 shares. The stock had previously closed at C$9.55.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Securities increased their target price on shares of Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research report on Friday, March 1st. National Bankshares increased their price objective on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$11.90.

Altius Renewable Royalties Stock Performance

The company has a market capitalization of C$288.81 million, a PE ratio of -187.60 and a beta of 0.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 233.62. The company has a 50 day moving average price of C$8.69 and a 200 day moving average price of C$8.13.

Altius Renewable Royalties (TSE:ARR) last issued its earnings results on Wednesday, March 6th. The company reported C($0.01) earnings per share for the quarter. Altius Renewable Royalties had a negative return on equity of 0.54% and a negative net margin of 40.19%. The company had revenue of C$1.32 million during the quarter, compared to analyst estimates of C$0.62 million. Equities analysts forecast that Altius Renewable Royalties Corp. will post 0.03432 EPS for the current year.

Altius Renewable Royalties Company Profile

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.