Altius Renewable Royalties Corp. (TSE:ARR – Free Report) – Analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for Altius Renewable Royalties in a research report issued on Wednesday, May 1st. Cormark analyst N. Boychuk anticipates that the company will post earnings per share of $0.07 for the quarter. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.03 per share. Cormark also issued estimates for Altius Renewable Royalties’ FY2024 earnings at $0.36 EPS.
A number of other analysts also recently weighed in on the stock. National Bankshares upped their price target 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. TD Securities boosted their price objective 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. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$11.90.
Altius Renewable Royalties Trading Down 0.3 %
ARR opened at C$9.25 on Thursday. The company has a quick ratio of 102.67, a current ratio of 233.62 and a debt-to-equity ratio of 0.12. Altius Renewable Royalties has a twelve month low of C$6.60 and a twelve month high of C$9.75. The stock has a market capitalization of C$284.81 million, a price-to-earnings ratio of -185.00 and a beta of 0.96. The company has a 50-day simple moving average of C$8.89 and a 200 day simple moving average of C$8.14.
Altius Renewable Royalties (TSE:ARR – Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of C$0.62 million.
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.
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