Altius Renewable Royalties (TSE:ARR) Price Target Increased to C$14.00 by Analysts at Ventum Financial

Altius Renewable Royalties (TSE:ARR) had its price target upped by Ventum Financial from C$13.00 to C$14.00 in a report issued on Friday, BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

Separately, TD Securities boosted their price target on Altius Renewable Royalties from C$11.50 to C$12.50 and gave the stock a buy rating in a report on Friday, March 1st. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of C$12.50.

Altius Renewable Royalties Price Performance

Altius Renewable Royalties has a 52 week low of C$6.60 and a 52 week high of C$9.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 102.67 and a current ratio of 209.99. The company has a market cap of C$282.96 million, a P/E ratio of -154.00 and a beta of 0.95. The company has a 50 day moving average of C$9.22 and a 200 day moving average of C$8.36.

Altius Renewable Royalties (TSE:ARR) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.05). Altius Renewable Royalties had a negative net margin of 227.79% and a negative return on equity of 0.60%. The firm had revenue of C$1.47 million during the quarter, compared to the consensus estimate of C$1.50 million. As a group, analysts expect that Altius Renewable Royalties will post 0.0482034 EPS for the current year.

Altius Renewable Royalties Company Profile

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.