Altius Renewable Royalties Corp. (TSE:ARR - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as C$9.75 and last traded at C$9.75, with a volume of 9513 shares changing hands. The stock had previously closed at C$9.55.
Analyst Upgrades and Downgrades
ARR has been the subject of a number of analyst reports. National Bankshares raised their price objective on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research report on Tuesday, January 9th. TD Securities raised 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$11.90.
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Altius Renewable Royalties Stock Performance
The company has a market capitalization of C$295.58 million, a P/E ratio of -192.00 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. The company's 50-day moving average is C$8.67 and its two-hundred day moving average is C$8.13.
Altius Renewable Royalties (TSE:ARR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C($0.01) earnings per share for the quarter. Altius Renewable Royalties had a negative net margin of 40.19% and a negative return on equity of 0.54%. The company had revenue of C$1.32 million for the quarter, compared to analysts' expectations of C$0.62 million. Equities analysts anticipate that Altius Renewable Royalties Corp. will post 0.03432 earnings per share for the current fiscal year.
About Altius Renewable Royalties
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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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