Elemental Altus Royalties (CVE:ELE) Given New C$33.00 Price Target at Canaccord Genuity Group

Elemental Altus Royalties (CVE:ELE) had its target price boosted by Canaccord Genuity Group from C$26.50 to C$33.00 in a report published on Thursday morning,BayStreet.CA reports.

Separately, National Bank Financial upgraded shares of Elemental Altus Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of C$17.63.

Elemental Altus Royalties Stock Down 1.7%

CVE:ELE opened at C$24.56 on Thursday. The firm has a market cap of C$605.94 million, a PE ratio of 81.87 and a beta of 0.01. Elemental Altus Royalties has a 12 month low of C$10.70 and a 12 month high of C$25.79. The company’s 50-day moving average price is C$7.60 and its two-hundred day moving average price is C$3.65.

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.