Elemental Altus Royalties (CVE:ELE) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Elemental Altus Royalties (CVE:ELE) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports. National Bank Financial also issued estimates for Elemental Altus Royalties’ FY2025 earnings at $0.05 EPS.

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

Elemental Altus Royalties Stock Performance

Shares of Elemental Altus Royalties stock opened at C$1.57 on Wednesday. The company has a 50-day simple moving average of C$1.43 and a two-hundred day simple moving average of C$1.28. The company has a market capitalization of C$266.69 million and a PE ratio of 193.99. Elemental Altus Royalties has a one year low of C$0.97 and a one year 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.