Should I buy or sell Altius Renewable Royalties stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altius Renewable Royalties in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARR shares. View ARR analyst ratings or view top-rated stocks .

What is Altius Renewable Royalties' stock price target for 2024?

5 Wall Street analysts have issued 1-year price targets for Altius Renewable Royalties' shares. Their ARR share price targets range from C$11.00 to C$13.00. On average, they expect the company's share price to reach C$11.90 in the next year. This suggests a possible upside of 26.9% from the stock's current price. View analysts price targets for ARR or view top-rated stocks among Wall Street analysts .

How have ARR shares performed in 2024?

Altius Renewable Royalties' stock was trading at C$7.68 at the beginning of 2024. Since then, ARR shares have increased by 22.1% and is now trading at C$9.38. View the best growth stocks for 2024 here .

When is Altius Renewable Royalties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our ARR earnings forecast .

How were Altius Renewable Royalties' earnings last quarter?

Altius Renewable Royalties Corp. (TSE:ARR) posted its quarterly earnings results on Wednesday, March, 6th. The company reported ($0.01) EPS for the quarter. The company had revenue of $1.32 million for the quarter, compared to analysts' expectations of $0.62 million. Altius Renewable Royalties had a negative net margin of 40.19% and a negative trailing twelve-month return on equity of 0.54%.

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 .

TSE:ARR

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

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Free ARR Stock Alerts

C$9.38

-0.22 (-2.29%)

(As of 04/19/2024 05:22 PM ET)

Compare

Today's Range: C$9.20
▼
C$9.71
50-Day Range: C$7.65
▼
C$9.60
52-Week Range: C$6.60
▼
C$9.75

Volume: 40,929 shs
Average Volume: 14,922 shs
Market Capitalization: C$288.81 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$11.90

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

Get Altius Renewable Royalties alerts:

Altius Renewable Royalties MarketRank™ Stock Analysis

Analyst Rating: Buy
3.20 Rating Score
Upside/Downside: 26.9% Upside
C$11.90 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.36
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.47 out of 5 stars

3.6

Analyst's Opinion

Consensus Rating
Altius Renewable Royalties has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Altius Renewable Royalties has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ARR.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ARR.

2.4

News and Social Media Coverage

News Sentiment
Altius Renewable Royalties has a news sentiment score of 0.36. 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 0.50 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Altius Renewable Royalties this week, compared to 0 articles on an average week.
Search Interest
62 people have searched for ARR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

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
58.96% 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 22.94% of the stock of Altius Renewable Royalties is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Altius Renewable Royalties is -187.60, 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 -187.60, 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 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Altius Renewable Royalties Stock (TSE:ARR)

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. is a subsidiary of Altius Minerals Corporation.

ARR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ARR Stock News Headlines

April 17, 2024 | finance.yahoo.com

Altius Renewable Royalties Reports Q1 2024 Expected Proportionate Royalty Revenue(1) of US$2.5 million

April 13, 2024 | fool.ca

TSX:ARR (Altius Renewable Royalties)

April 20, 2024 | DTI (Ad)

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April 9, 2024 | seekingalpha.com

ARR:CA Altius Renewable Royalties Corp.

March 9, 2024 | seekingalpha.com

Altius Renewable Royalties Corp. (ATRWF) Q4 2023 Earnings Call Transcript

February 6, 2024 | theglobeandmail.com

Altius Renewable: Top 10 Undervalued Utilities - Independent Power Producers Industry Stocks (ARR)

January 21, 2024 | finance.yahoo.com

We're Not Worried About Altius Renewable Royalties' (TSE:ARR) Cash Burn

December 31, 2023 | finance.yahoo.com

Is Altius Renewable Royalties Corp. (TSE:ARR) Trading At A 31% Discount?

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

November 16, 2023 | finance.yahoo.com

Favourable Signals For Altius Renewable Royalties: Numerous Insiders Acquired Stock

November 8, 2023 | finance.yahoo.com

Altius Reports Q3 2023 Attributable Royalty Revenue of $17.8M and Adjusted Earnings(1) of $2.6M

October 25, 2023 | msn.com

Invest In The future With Altius Minerals (TSX: ALS)

October 18, 2023 | markets.businessinsider.com

TD Securities Reaffirms Their Buy Rating on Altius Renewable Royalties (ARR)

August 9, 2023 | finanznachrichten.de

Altius Minerals Corporation Reports Q2 2023 Attributable Royalty Revenue of $18.7M and Adjusted Earnings (1,2) of $2.7M

August 1, 2023 | finance.yahoo.com

Altius Renewable Royalties Reports Q2 2023 Financial Results

July 20, 2023 | markets.businessinsider.com

TD Securities Remains a Buy on Altius Renewable Royalties (ARR)

May 31, 2023 | finance.yahoo.com

Altius Renewable Royalties Corp. (TSE:ARR) About To Shift From Loss To Profit

May 25, 2023 | finance.yahoo.com

Altius Renewable Royalties Reports Voting Results from May 24 2023 Annual General Meeting

May 16, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp down on Monday (ARR)

May 11, 2023 | finance.yahoo.com

Altius Renewable Royalties Corp.'s (TSE:ARR) Intrinsic Value Is Potentially 61% Above Its Share Price

May 4, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp up on Wednesday (ARR)

May 3, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp down on Tuesday (ARR)

May 2, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp up on Monday (ARR)

April 29, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp down on Friday (ARR)

April 28, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp up on Thursday (ARR)

April 21, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp up on Friday (ARR)

April 20, 2023 | theglobeandmail.com

Closing Bell: Altius Renewable Royalties Corp down on Wednesday (ARR)

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/03/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Utilities
Industry: Utilities - Renewable
Sub-Industry: N/A
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$11.90
High Stock Price Target: C$13.00
Low Stock Price Target: C$11.00
Potential Upside/Downside: +26.9%
Consensus Rating: Buy
Rating Score (0-4): 3.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.05)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 273.31
P/E Growth: N/A
Net Income: C$-1,070,000.00
Net Margins: -40.19%
Pretax Margin: N/A
Return on Equity: -0.54%
Return on Assets: -0.73%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 233.62
Quick Ratio: 102.67

Sales & Book Value

Annual Sales: C$2.67 million
Price / Sales: 108.17
Cash Flow: C$2.18 per share
Price / Cash Flow: 4.30
Book Value: C$6.67 per share
Price / Book: 1.41

Miscellaneous

Outstanding Shares: 30,790,000
Free Float: N/A
Market Cap: C$288.81 million
Optionable: Not Optionable
Beta: 0.96

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Key Executives

Mr. Brian Francis Dalton (Age 51)
Chief Executive Officer
Mr. Benjamin Gerard Lewis B.Comm. (Age 56)
CA, CPA, Chief Financial Officer
Mr. Peter Leahey
Managing Director
Mr. Zachary Farrar
Managing Director of Origination
Ms. Flora Wood B.A.
M.A., Corporate Secretary

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ARR Stock Analysis - Frequently Asked Questions

Should I buy or sell Altius Renewable Royalties stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altius Renewable Royalties in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARR shares.
View ARR analyst ratings or view top-rated stocks.
What is Altius Renewable Royalties' stock price target for 2024?: 5 Wall Street analysts have issued 1-year price targets for Altius Renewable Royalties' shares. Their ARR share price targets range from C$11.00 to C$13.00. On average, they expect the company's share price to reach C$11.90 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
View analysts price targets for ARR or view top-rated stocks among Wall Street analysts.
How have ARR shares performed in 2024?: Altius Renewable Royalties' stock was trading at C$7.68 at the beginning of 2024. Since then, ARR shares have increased by 22.1% and is now trading at C$9.38.
View the best growth stocks for 2024 here.
When is Altius Renewable Royalties' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our ARR earnings forecast.

How were Altius Renewable Royalties' earnings last quarter?: Altius Renewable Royalties Corp. (TSE:ARR) posted its quarterly earnings results on Wednesday, March, 6th. The company reported ($0.01) EPS for the quarter. The company had revenue of $1.32 million for the quarter, compared to analysts' expectations of $0.62 million. Altius Renewable Royalties had a negative net margin of 40.19% and a negative trailing twelve-month return on equity of 0.54%.
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.

This page (TSE:ARR) was last updated on 4/20/2024 by MarketBeat.com Staff

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

Altius Renewable Royalties MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Altius Renewable Royalties Stock (TSE:ARR)

ARR Stock Price History

ARR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ARR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™