Altius Renewable Royalties (ARR) Stock Price, News & Analysis

Company Overview

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. It also holds royalty interests related to a portfolio of approximately 5.5 GW of development stage wind and solar energy projects located across the United States; and 700 MW of wind projects under construction. Altius Renewable Royalties Corp. was incorporated in 2018 and is headquartered in St. John's, Canada. Altius Renewable Royalties Corp. operates as a subsidiary of Callinan Royalties Corporation.

Key Stats

• Today's Range: C$11.79 to C$11.80
• 50-Day Range: C$8.65 to C$11.79
• 52-Week Range: C$6.60 to C$11.85
• Volume: 104,012 shs
• Average Volume: 14,439 shs
• Market Capitalization: C$363.32 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$15.30
• Consensus Rating: Moderate Buy

Altius Renewable Royalties Stock Analysis - MarketRank™

Altius Renewable Royalties scored higher than 32% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Altius Renewable Royalties has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Altius Renewable Royalties has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Altius Renewable Royalties is -147.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Altius Renewable Royalties is -147.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Altius Renewable Royalties has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ARR.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Altius Renewable Royalties does not currently pay a dividend.

Dividend Growth

Altius Renewable Royalties does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ARR.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: -0.02

News Sentiment

Altius Renewable Royalties has a news sentiment score of -0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Altius Renewable Royalties this week, compared to 0 articles on an average week.

Search Interest

Only 20 people have searched for ARR on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.

MarketBeat Follows

1 people have added Altius Renewable Royalties to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Altius Renewable Royalties insiders have not sold or bought any company stock.

Percentage Held by Insiders

59.09% of the stock of Altius Renewable Royalties is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 21.84% of the stock of Altius Renewable Royalties is held by institutions.

ARR Stock Analysis - Frequently Asked Questions

How have ARR shares performed this year?

Altius Renewable Royalties' stock was trading at C$7.68 at the beginning of the year. Since then, ARR stock has increased by 53.6% and is now trading at C$11.80.
View the best growth stocks for 2024 here.

How were Altius Renewable Royalties' earnings last quarter?

Altius Renewable Royalties Corp. (TSE:ARR) posted its quarterly earnings data on Monday, August, 5th. The company reported ($0.03) EPS for the quarter. The company had revenue of $1.22 million for the quarter, compared to the consensus estimate of $1.31 million. Altius Renewable Royalties had a negative net margin of 206.69% and a negative trailing twelve-month return on equity of 0.83%.

How do I buy shares of Altius Renewable Royalties?

Shares of ARR stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/05/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/04/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Renewable
• Sub-Industry: Trading
• Current Symbol: TSE:ARR
• CUSIP: N/A
• CIK: N/A
• Web: www.arr.energy
• Phone: 416 346 9020
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$15.30
• High Stock Price Target: C$26.50
• Low Stock Price Target: C$11.00
• Potential Upside/Downside: +29.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.08)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 96.23
• P/E Growth: N/A
• Net Income: C$-1,670,000.00
• Net Margins: -206.69%
• Pretax Margin: N/A
• Return on Equity: -0.83%
• Return on Assets: -0.72%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 250.01
• Quick Ratio: 102.67

Sales & Book Value

• Annual Sales: C$2.67 million
• Price / Sales: 136.08
• Cash Flow: C$2.74 per share
• Price / Cash Flow: 4.30
• Book Value: C$6.73 per share
• Price / Book: 1.75

Miscellaneous

• Outstanding Shares: 30,790,000
• Free Float: N/A
• Market Cap: C$363.32 million
• Optionable: Not Optionable
• Beta: 0.89