Equities Analysts Offer Predictions for Altius Renewable Royalties Corp.’s FY2023 Earnings (TSE:ARR)

Altius Renewable Royalties Corp. (TSE:ARR – Get Rating) – Analysts at Raymond James decreased their FY2023 earnings per share estimates for Altius Renewable Royalties in a research report issued on Wednesday, July 27th. Raymond James analyst D. Quezada now expects that the company will post earnings of $0.11 per share for the year, down from their previous forecast of $0.40. Raymond James currently has a “Strong-Buy” rating and a $16.00 target price on the stock. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.13 per share.

Separately, TD Securities dropped their price objective on Altius Renewable Royalties from C$17.00 to C$16.00 and set a “buy” rating on the stock in a research note on Friday, May 6th. Three investment 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.com, Altius Renewable Royalties has an average rating of “Buy” and an average target price of C$14.71.

Altius Renewable Royalties Stock Up 2.9 %

Shares of TSE:ARR opened at C$8.99 on Monday. Altius Renewable Royalties has a 52-week low of C$7.80 and a 52-week high of C$14.73. The stock has a market cap of C$238.36 million and a P/E ratio of -51.97. The business’s 50 day moving average is C$8.92 and its 200 day moving average is C$10.60. The company has a quick ratio of 24.78, a current ratio of 24.78 and a debt-to-equity ratio of 0.12.

Altius Renewable Royalties (TSE:ARR – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported C($0.01) EPS for the quarter, meeting analysts’ consensus estimates of C($0.01). The business had revenue of C$0.05 million for the quarter.

About Altius Renewable Royalties

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Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. It also provides tailored financing solutions to the renewable power sector. The company holds interests in a portfolio of 695 MW of wind, hydro-electric, and solar energy projects located in Texas, Kansas, and Vermont, as well as royalty interests in a portfolio of 2,845 MW of development stage wind energy projects located in Texas, Indiana, and Illinois.

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