FY2023 EPS Estimates for Altius Renewable Royalties Corp. Reduced by Cormark (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR) – Cormark reduced their FY2023 earnings per share (EPS) estimates for Altius Renewable Royalties in a research note issued on Wednesday, November 8th. Cormark analyst N. Boychuk now expects that the company will earn $0.01 per share for the year, down from their previous estimate of $0.05. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.19 per share. Cormark also issued estimates for Altius Renewable Royalties’ FY2024 earnings at $0.32 EPS.

Other research analysts have also recently issued research reports about the company. National Bankshares decreased their price target on Altius Renewable Royalties from C$10.75 to C$10.00 and set an “outperform” rating for the company in a research note on Tuesday, October 17th. TD Securities decreased their price target on Altius Renewable Royalties from C$13.50 to C$11.50 and set a “buy” rating for the company in a research note on Wednesday, October 18th. Pi Financial decreased their target price on Altius Renewable Royalties from C$14.00 to C$13.00 in a research note on Wednesday. Finally, Raymond James decreased their target price on Altius Renewable Royalties from C$15.00 to C$12.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 26th. Five equities research 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 an average rating of “Buy” and a consensus target price of C$12.39.

Altius Renewable Royalties Trading Down 0.1 %

TSE:ARR opened at C$7.18 on Thursday. Altius Renewable Royalties has a 1 year low of C$6.60 and a 1 year high of C$10.05. The stock has a market cap of C$221.00 million, a price-to-earnings ratio of -718.00 and a beta of 0.87. The business has a fifty day moving average of C$8.02 and a 200-day moving average of C$8.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 249.11.

About Altius Renewable Royalties

Altius Renewable Royalties Corp., a renewable energy royalty company, holds interest in the royalties and investments in renewable energy projects. It also provides tailored financing solutions to the renewable power sector. The company operates wind, solar, battery storage, and other types of renewable energy projects located in Texas, Kansas, California, and Vermont.