Cormark Brokers Raise Earnings Estimates for Altius Renewable Royalties Corp. (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARRGet Rating) – Investment analysts at Cormark lifted their FY2024 earnings estimates for shares of Altius Renewable Royalties in a research note issued on Friday, May 6th. Cormark analyst N. Boychuk now forecasts that the company will earn $0.01 per share for the year, up from their previous estimate of ($0.01). Cormark currently has a “Outperform” rating and a $15.50 target price on the stock.

ARR has been the topic of a number of other reports. Raymond James set a C$16.00 price target on shares of Altius Renewable Royalties and gave the stock a “strong-buy” rating in a research note on Friday. TD Securities lowered their price target on shares of Altius Renewable Royalties from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research note on Friday. National Bankshares upped their price target on shares of Altius Renewable Royalties from C$13.00 to C$14.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 8th. Finally, Scotiabank upped their price target on shares of Altius Renewable Royalties from C$12.50 to C$13.75 in a research note on Friday, March 4th. 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.com, the company has an average rating of “Buy” and an average price target of C$14.71.

TSE:ARR opened at C$9.73 on Monday. The company has a quick ratio of 20.91, a current ratio of 20.91 and a debt-to-equity ratio of 0.12. Altius Renewable Royalties has a fifty-two week low of C$7.80 and a fifty-two week high of C$14.73. The stock has a market cap of C$257.98 million and a PE ratio of -54.66. The firm’s fifty day simple moving average is C$12.09 and its 200-day simple moving average is C$10.82.

Altius Renewable Royalties (TSE:ARRGet Rating) last announced its quarterly earnings data on Thursday, March 3rd. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.15). The business had revenue of C$0.33 million for the quarter, compared to the consensus estimate of C$0.99 million.

About Altius Renewable Royalties (Get Rating)

Altius Renewable Royalties Corp., a renewable energy royalty company, invests in and acquires and manages portfolio of diversified renewable energy royalties for renewable power developers, operators, and originators. The company provides tailored royalty-based financing solutions to the renewable power market.

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Earnings History and Estimates for Altius Renewable Royalties (TSE:ARR)

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