National Bank Financial Estimates CVE:ELE FY2025 Earnings

Elemental Altus Royalties Corp. (CVE:ELE) – Stock analysts at National Bank Financial lowered their FY2025 earnings per share estimates for shares of Elemental Altus Royalties in a research note issued to investors on Wednesday, June 11th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior forecast of $0.06. National Bank Financial has a “Strong-Buy” rating on the stock.

Separately, Raymond James lifted their price objective on Elemental Altus Royalties from C$2.00 to C$2.25 in a research report on Friday, April 4th.

Elemental Altus Royalties Stock Performance

Elemental Altus Royalties stock opened at C$1.57 on Friday. The stock’s 50 day simple moving average is C$1.43 and its two-hundred day simple moving average is C$1.28. The stock has a market cap of C$266.69 million and a price-to-earnings ratio of 193.99. Elemental Altus Royalties has a fifty-two week low of C$0.97 and a fifty-two week high of C$1.77.

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.