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

Shares of Altius Renewable Royalties Corp. (TSE:ARR) hit a new 52-week high during trading on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Securities increased 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. National Bankshares increased their target price on Altius Renewable Royalties from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$11.90.

Altius Renewable Royalties Stock Performance

The firm has a fifty day moving average of C$8.69 and a 200-day moving average of C$8.13. The firm has a market cap of C$288.81 million, a P/E ratio of -187.60 and a beta of 0.96. The company has a quick ratio of 102.67, a current ratio of 233.62 and a debt-to-equity ratio of 0.12.

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