Altius Renewable Royalties Corp. (TSE:ARR – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as C$11.85 and last traded at C$11.82, with a volume of 6212 shares traded. The stock had previously closed at C$11.82.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Raymond James raised their price objective on 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. TD Securities lowered Altius Renewable Royalties from a “buy” rating to a “sell” rating and reduced their price objective for the stock from C$13.00 to C$12.00 in a research note on Friday, September 13th. Finally, Ventum Financial raised 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 note on Friday, June 28th.
Read Our Latest Stock Analysis on ARR
Altius Renewable Royalties Price Performance
Altius Renewable Royalties (TSE:ARR – Get Free Report) last released its earnings results on Monday, August 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$1.22 million during the quarter, compared to analysts’ expectations of C$1.31 million. Altius Renewable Royalties had a negative net margin of 206.69% and a negative return on equity of 0.83%. On average, equities analysts expect that Altius Renewable Royalties Corp. will post 0.1215367 earnings per share for the current year.
About Altius Renewable Royalties
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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