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RE Royalties ( (TSE:RE) ) just unveiled an update.
RE Royalties Ltd. has approved its annual equity-based compensation awards, granting 1,195,000 stock options and 800,000 restricted share units to directors, officers, employees and consultants. The options, priced at CAD $0.30 and exercisable over three years, along with the RSUs, are intended to align management and staff incentives with shareholder interests and support the company’s ongoing growth strategy in the renewable energy royalty market.
The most recent analyst rating on (TSE:RE) stock is a Hold with a C$0.30 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 score is held down primarily by poor financial performance (ongoing losses, leverage, and cash flow strain). Technical indicators provide some near-term support, and the high dividend yield helps, but valuation remains constrained by unprofitable earnings (negative P/E).
To see Spark’s full report on TSE:RE stock, click here.
More about RE Royalties
RE Royalties Ltd. is a Vancouver-based financier in the renewable energy sector that acquires revenue-based royalties over renewable energy facilities and technologies. The company provides non-dilutive financing solutions to private and public companies in areas such as solar, wind, hydro, battery storage, energy efficiency and renewable natural gas, and currently holds over 100 royalties on projects across North America, South America and Asia, with a stated focus on delivering growing yield, capital protection, reinvestment-driven growth and sustainable investments for shareholders.
YTD Price Performance: 14.00%
Average Trading Volume: 39,625
Technical Sentiment Signal: Sell
Current Market Cap: C$12.36M
See more insights into RE stock on TipRanks’ Stock Analysis page.