Elemental Altus Royalties Corp. (CVE:ELE – Free Report) – Stock analysts at HC Wainwright dropped their FY2026 earnings per share (EPS) estimates for Elemental Altus Royalties in a research report issued on Wednesday, March 25th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.64 per share for the year, down from their previous estimate of $0.82. HC Wainwright currently has a “Strong-Buy” rating on the stock.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group decreased their price objective on Elemental Altus Royalties from C$38.00 to C$33.00 in a report on Monday, December 1st. National Bank Financial upped their target price on Elemental Altus Royalties from C$27.50 to C$30.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus target price of C$30.67.
Elemental Altus Royalties Stock Performance
Elemental Altus Royalties stock opened at C$24.25 on Thursday. Elemental Altus Royalties has a fifty-two week low of C$11.80 and a fifty-two week high of C$34.29. The stock has a market cap of C$1.55 billion, a P/E ratio of 404.17 and a beta of 0.46. The firm’s fifty day moving average price is C$28.62 and its 200-day moving average price is C$23.81.
Insider Buying and Selling
In other Elemental Altus Royalties news, Director David M. Cole sold 5,000 shares of Elemental Altus Royalties stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of C$29.00, for a total value of C$145,000.00. Following the transaction, the director directly owned 775,863 shares of the company’s stock, valued at C$22,500,027. The trade was a 0.64% decrease in their position.
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. The company distribution and transmission networks comprise 315,365 kilometers. It also sells energy, as well as provides energy related commercial services.
Further Reading
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