National Bankshares Increases Elemental Altus Royalties (CVE:ELE) Price Target to C$30.00

Elemental Altus Royalties (CVE:ELE) had its price objective raised by stock analysts at National Bankshares from C$27.50 to C$30.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 45.63% from the company’s current price.

Several other research firms also recently commented on ELE. Canaccord Genuity Group cut their price objective on shares of Elemental Altus Royalties from C$38.00 to C$33.00 in a report on Monday, December 1st. Raymond James Financial raised their price target on Elemental Altus Royalties from C$27.50 to C$29.00 in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus price target of C$30.67.

Elemental Altus Royalties Stock Up 1.4%

Shares of CVE:ELE opened at C$20.60 on Tuesday. The firm has a market capitalization of C$1.31 billion, a PE ratio of 103.00 and a beta of 0.29. The company has a 50-day moving average price of C$21.51 and a two-hundred day moving average price of C$10.56. Elemental Altus Royalties has a twelve month low of C$10.70 and a twelve month high of C$25.79.

Elemental Altus Royalties Company Profile

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.