Altius Renewable Royalties Corp. (TSE:ARR) Forecasted to Post Q4 2023 Earnings of $0.03 Per Share

Altius Renewable Royalties Corp. (TSE:ARRFree Report) – Stock analysts at Raymond James lowered their Q4 2023 earnings per share (EPS) estimates for Altius Renewable Royalties in a report released on Thursday, February 8th. Raymond James analyst D. Quezada now expects that the company will earn $0.03 per share for the quarter, down from their previous estimate of $0.05. Raymond James has a “Strong-Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Altius Renewable Royalties’ current full-year earnings is $0.03 per share. Raymond James also issued estimates for Altius Renewable Royalties’ Q1 2024 earnings at $0.11 EPS, Q2 2024 earnings at $0.03 EPS, Q3 2024 earnings at $0.03 EPS, Q4 2024 earnings at $0.11 EPS and FY2024 earnings at $0.28 EPS.

Several other equities analysts have also weighed in on the company. Pi Financial cut their target price on Altius Renewable Royalties from C$14.00 to C$13.00 in a research note on Wednesday, November 8th. TD Securities cut their target price on Altius Renewable Royalties from C$13.50 to C$11.50 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Finally, National Bankshares increased their target price on Altius Renewable Royalties from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$11.70.

View Our Latest Stock Analysis on ARR

Altius Renewable Royalties Trading Down 0.9 %

TSE:ARR opened at C$7.89 on Monday. Altius Renewable Royalties has a 1-year low of C$6.60 and a 1-year high of C$9.74. The business’s 50-day moving average price is C$7.78 and its two-hundred day moving average price is C$8.21. The company has a current ratio of 116.44, a quick ratio of 102.67 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of C$242.93 million, a price-to-earnings ratio of -157.80 and a beta of 0.95.

Altius Renewable Royalties Company Profile

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Altius Renewable Royalties Corp., a renewable energy royalty company, holds interest in the royalties and investments in renewable energy projects. It also provides tailored financing solutions to the renewable power sector. The company operates wind, solar, battery storage, and other types of renewable energy projects located in Texas, Kansas, California, and Vermont.

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