Altius Renewable Royalties (TSE:ARR) Rating Lowered to Sell at TD Securities

TD Securities lowered shares of Altius Renewable Royalties (TSE:ARR) from a buy rating to a sell rating in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has C$12.00 price target on the stock, down from their previous price target of C$13.00.

A number of other equities research analysts have also recently commented on ARR. Raymond James increased their price target on Altius Renewable Royalties from C$25.00 to C$26.50 and gave the company an outperform rating in a research note on Friday. Ventum Financial increased their price target on Altius Renewable Royalties from C$13.00 to C$14.00 and gave the company a buy rating in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, Altius Renewable Royalties has a consensus rating of Moderate Buy and a consensus target price of C$15.30.

Altius Renewable Royalties Stock Performance

Shares of ARR stock opened at C$11.78 on Friday. The company has a current ratio of 250.01, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12. The company has a market cap of C$362.71 million, a PE ratio of -147.25 and a beta of 0.89. Altius Renewable Royalties has a 12-month low of C$6.60 and a 12-month high of C$11.85. The business’s fifty day simple moving average is C$9.37 and its 200-day simple moving average is C$8.95.

Altius Renewable Royalties (TSE:ARR) last announced its earnings results on Monday, August 5th. The company reported C($0.03) earnings per share (EPS) for the quarter. Altius Renewable Royalties had a negative net margin of 206.69% and a negative return on equity of 0.83%. The business had revenue of C$1.22 million for the quarter, compared to analyst estimates of C$1.31 million. Analysts expect that Altius Renewable Royalties will post 0.0539234 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.