TD Securities downgraded shares of Altius Renewable Royalties (TSE:ARR – Free Report) from a buy rating to a sell rating in a research report report published on Friday morning, BayStreet.CA reports. The brokerage currently has C$12.00 target price on the stock, down from their prior target price of C$13.00.
Several other equities research analysts have also recently commented on the company. Ventum Financial upped their price target 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. Raymond James raised their target price on Altius Renewable Royalties from C$25.00 to C$26.50 and gave the company an outperform rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$15.30.
Get Our Latest Stock Analysis on Altius Renewable Royalties
Altius Renewable Royalties Trading Down 0.2 %
Altius Renewable Royalties (TSE:ARR – Get Free Report) last announced its earnings results on Monday, August 5th. The company reported C($0.03) EPS for the quarter. The business had revenue of C$1.22 million during the quarter, compared to analyst estimates 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, research analysts predict that Altius Renewable Royalties will post 0.0539234 EPS 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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