Raymond James Financial Predicts CVE:ELE Q1 Earnings

Elemental Altus Royalties Corp. (CVE:ELE) – Research analysts at Raymond James Financial cut their Q1 2026 earnings estimates for shares of Elemental Altus Royalties in a note issued to investors on Monday, September 8th. Raymond James Financial analyst B. Macarthur now forecasts that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.03. Raymond James Financial also issued estimates for Elemental Altus Royalties’ FY2026 earnings at $0.08 EPS.

Separately, National Bank Financial raised shares of Elemental Altus Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$2.25.

Elemental Altus Royalties Stock Performance

ELE opened at C$2.27 on Wednesday. The company has a fifty day moving average price of C$2.07 and a two-hundred day moving average price of C$1.65. Elemental Altus Royalties has a 52 week low of C$1.06 and a 52 week high of C$2.48. The firm has a market capitalization of C$560.06 million, a PE ratio of 75.67 and a beta of 0.01.

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.