The Globe and Mail reports in its Tuesday, July 25, edition that National Bank Financial analyst Rupert Merer has reiterated his "outperform" recommendation for Altius Renewable Royalties. The Globe's David Leeder writes in the Eye On Equities column that Mr. Merer cut his share target back by 75 cents to $11. Analysts on average target the shares at $12.82. Mr. Merer says in a note: "If Altius Renewable Royalties's recent deals and near-term pipeline are any indication, its revenue mix should shift away from Texas over time to a more diversified all-weather portfolio. Its recent $45-million financing agreement with Hexagon Energy adds more than 5 GW of solar and storage exposure across 43 projects and 12 states to the pipeline. In the near term, some of Altius Renewable's royalty pipeline should move to COD, with its El Sauz project to contribute before year-end and 3.6 GW of wind and solar projects in Illinois, Indiana, Pennsylvania, Texas and other jurisdictions that should contribute by year-end 2024E. In total, ARR has exposure to a development pipeline of more than 15 GW." The Globe reported on March 8 that Mr. Merer continued to rate Altius Renewable "outperform." The shares could then be had for $9.01.