Altius Renewable Royalties Corp. (TSE:ARR – Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$11.85 and last traded at C$11.83, with a volume of 1100 shares traded. The stock had previously closed at C$11.84.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. TD Securities lowered Altius Renewable Royalties from a “buy” rating to a “sell” rating and cut their price objective for the company from C$13.00 to C$12.00 in a report on Friday, September 13th. Raymond James increased their price target on Altius Renewable Royalties from C$25.00 to C$26.50 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Finally, Ventum Financial lifted their price objective on Altius Renewable Royalties from C$13.00 to C$14.00 and gave the stock a “buy” rating in a report on Friday, June 28th.
Read Our Latest Research Report on ARR
Altius Renewable Royalties Price Performance
Altius Renewable Royalties (TSE:ARR – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported C($0.03) EPS for the quarter. The business had revenue of C$1.22 million during the quarter, compared to analyst estimates of C$1.31 million. Altius Renewable Royalties had a negative net margin of 206.69% and a negative return on equity of 0.83%.
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.
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