Canaccord Genuity Group Has Lowered Expectations for Elemental Altus Royalties (CVE:ELE) Stock Price

Elemental Altus Royalties (CVE:ELE) had its target price decreased by equities researchers at Canaccord Genuity Group from C$38.00 to C$33.00 in a research note issued on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 51.79% from the stock’s current price.

Separately, Raymond James Financial raised their target price on shares of Elemental Altus Royalties from C$27.50 to C$29.00 in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average price target of C$31.00.

Elemental Altus Royalties Stock Performance

Shares of CVE:ELE opened at C$21.74 on Monday. The firm has a market cap of C$1.39 billion, a price-to-earnings ratio of 108.70 and a beta of 0.27. The business has a 50-day simple moving average of C$21.95 and a two-hundred day simple moving average of C$9.82. Elemental Altus Royalties has a fifty-two week low of C$10.70 and a fifty-two week high of C$25.79.

About Elemental Altus Royalties

Endesa, SA engages in the generation, distribution, and sale of electricity primarily in Spain and Portugal. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar. As of December 31, 2020, its distributed electricity to approximately 21 million populations covering a total area of approximately 195,488 square kilometers.