Cormark Weighs in on Altius Renewable Royalties Corp.’s FY2024 Earnings (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Research analysts at Cormark dropped their FY2024 EPS estimates for shares of Altius Renewable Royalties in a research report issued on Wednesday, August 7th. Cormark analyst N. Boychuk now expects that the company will earn $0.00 per share for the year, down from their previous forecast of $0.15. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.05 per share. Cormark also issued estimates for Altius Renewable Royalties’ FY2026 earnings at $0.42 EPS.

Separately, Ventum Financial lifted their target price on shares of Altius Renewable Royalties from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Friday, June 28th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Altius Renewable Royalties presently has a consensus rating of “Buy” and an average target price of C$12.50.

Altius Renewable Royalties Stock Down 1.0 %

Shares of Altius Renewable Royalties stock opened at C$8.96 on Friday. Altius Renewable Royalties has a 1 year low of C$6.60 and a 1 year high of C$9.75. The stock has a market cap of C$275.88 million, a price-to-earnings ratio of -149.33 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. The firm’s 50-day moving average is C$9.16 and its two-hundred day moving average is C$8.70.

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.