Altius Renewable Royalties (TSE:ARR) Stock Price Down 1.1%

Shares of Altius Renewable Royalties Corp. (TSE:ARRGet Free Report) fell 1.1% during trading on Monday . The company traded as low as C$9.17 and last traded at C$9.17. 1,900 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 15,816 shares. The stock had previously closed at C$9.27.

Analyst Ratings Changes

A number of brokerages recently weighed in on ARR. TD Securities increased 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 research report on Friday, March 1st. National Bankshares increased their target price on shares of Altius Renewable Royalties from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$11.90.

Check Out Our Latest Report on ARR

Altius Renewable Royalties Price Performance

The company has a 50-day moving average of C$8.45 and a 200-day moving average of C$8.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 233.62. The firm has a market capitalization of C$282.34 million, a price-to-earnings ratio of -183.40 and a beta of 0.96.

Altius Renewable Royalties (TSE:ARRGet Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of C$0.62 million.

Altius Renewable Royalties Company Profile

(Get Free Report)

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.

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