Ventum Financial Increases Altius Renewable Royalties (TSE:ARR) Price Target to C$14.00

Altius Renewable Royalties (TSE:ARR) had its price objective raised by analysts at Ventum Financial from C$13.00 to C$14.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s target price points to a potential upside of 51.52% from the stock’s previous close.

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

Altius Renewable Royalties Stock Performance

Shares of ARR traded down C$0.07 during trading hours on Friday, reaching C$9.24. 10,000 shares of the company’s stock traded hands, compared to its average volume of 12,749. The firm has a market capitalization of C$284.50 million, a price-to-earnings ratio of -155.50 and a beta of 0.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 209.99 and a quick ratio of 102.67. Altius Renewable Royalties has a twelve month low of C$6.60 and a twelve month high of C$9.75. The business’s fifty day simple moving average is C$9.22 and its two-hundred day simple moving average is C$8.36.

Altius Renewable Royalties (TSE:ARR) last issued its quarterly 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 for the quarter, compared to analyst estimates 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%. Analysts predict that Altius Renewable Royalties will post 0.0482034 earnings per share 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.