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

Altius Renewable Royalties (TSE:ARR) had its price target increased by equities research analysts at Ventum Financial from C$13.00 to C$14.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock.

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

Altius Renewable Royalties Stock Performance

Altius Renewable Royalties has a 52-week low of C$6.60 and a 52-week high of C$9.75. The business’s 50-day moving average is C$9.22 and its two-hundred day moving average is C$8.36. The company has a market capitalization of C$282.96 million, a price-to-earnings ratio of -154.00 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 (TSE:ARR) last announced its earnings results on Thursday, May 2nd. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). Altius Renewable Royalties had a negative return on equity of 0.60% and a negative net margin of 227.79%. The company had revenue of C$1.47 million for the quarter, compared to the consensus estimate of C$1.50 million. Equities research analysts anticipate that Altius Renewable Royalties will post 0.0482034 EPS for the current fiscal 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.