Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
RE Royalties ( (TSE:RE) ) has provided an update.
RE Royalties Ltd. has canceled its previously announced non-brokered private placement offering due to early loan repayments from clients and recent share price volatility. Despite interest from new investors, the company decided that proceeding with the offering would not benefit shareholders. The early repayments have left the company well-capitalized, allowing it to explore new investment opportunities and meet upcoming bond maturities, with a focus on unlocking shareholder value.
The most recent analyst rating on (TSE:RE) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on RE Royalties stock, see the TSE:RE Stock Forecast page.
Spark’s Take on TSE:RE Stock
According to Spark, TipRanks’ AI Analyst, TSE:RE is a Neutral.
The overall stock score is primarily influenced by financial instability due to high leverage and negative profitability. Technical indicators suggest a bearish trend, while the high dividend yield offers some appeal. The lack of earnings call and corporate events data limits further insights.
To see Spark’s full report on TSE:RE stock, click here.
More about RE Royalties
RE Royalties Ltd. is a leader in renewable energy royalty-based financing, offering non-dilutive financing solutions to both privately held and publicly traded companies in the renewable energy sector. The company holds over 100 royalties across various renewable energy projects, including solar, wind, hydro, battery storage, energy efficiency, and renewable natural gas, in regions such as Canada, the United States, Mexico, the Maldives, and Chile. Its business objectives focus on providing shareholders with a strong yield, capital protection, growth through reinvestment, and sustainable investment.
Average Trading Volume: 30,958
Technical Sentiment Signal: Sell
Current Market Cap: C$12.8M
For detailed information about RE stock, go to TipRanks’ Stock Analysis page.