Altius Renewable Royalties (TSE:ARR) Shares Down 0.2% – What’s Next?

Altius Renewable Royalties Corp. (TSE:ARR)’s stock price fell 0.2% during trading on Friday . The stock traded as low as C$11.88 and last traded at C$11.88. 16,614 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 14,506 shares. The stock had previously closed at C$11.90.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ARR. Raymond James lifted their price target on shares of Altius Renewable Royalties from C$25.00 to C$26.50 and gave the company an “outperform” rating in a report on Friday, September 13th. TD Securities cut shares of Altius Renewable Royalties from a “buy” rating to a “sell” rating and lowered their target price for the company from C$13.00 to C$12.00 in a research note on Friday, September 13th.

Altius Renewable Royalties Stock Down 0.2 %

The company has a quick ratio of 102.67, a current ratio of 250.01 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of C$11.63 and a two-hundred day simple moving average of C$9.95. The company has a market capitalization of C$365.79 million, a P/E ratio of -148.50 and a beta of 0.97.

About Altius Renewable Royalties

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.