Polaris Renewable Energy (TSE:PIF) Given New C$21.00 Price Target at Raymond James

Polaris Renewable Energy (TSE:PIF) had its price target upped by Raymond James from C$19.00 to C$21.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock. Raymond James also issued estimates for Polaris Renewable Energy’s FY2024 earnings at $0.55 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.75 EPS.

Separately, National Bankshares raised their price objective on Polaris Renewable Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th.

Polaris Renewable Energy Stock Up 2.5 %

PIF stock opened at C$12.40 on Friday. The company has a market capitalization of C$261.39 million, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 62.63, a quick ratio of 1.64 and a current ratio of 1.86. The business’s 50 day moving average price is C$12.31 and its two-hundred day moving average price is C$12.50. Polaris Renewable Energy has a fifty-two week low of C$11.08 and a fifty-two week high of C$14.14.

Polaris Renewable Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date is Friday, November 8th. Polaris Renewable Energy’s dividend payout ratio is 164.00%.

Polaris Renewable Energy Company Profile

Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.