Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$30.00 at National Bankshares

Elemental Altus Royalties (CVE:ELE) had its target price hoisted by National Bankshares from C$27.50 to C$30.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Raymond James Financial raised their price objective on Elemental Altus Royalties from C$27.50 to C$29.00 in a research report on Friday, October 10th. Canaccord Genuity Group dropped their price target on shares of Elemental Altus Royalties from C$38.00 to C$33.00 in a research report on Monday, December 1st. One research 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, Elemental Altus Royalties currently has a consensus rating of “Strong Buy” and an average price target of C$30.67.

Elemental Altus Royalties Stock Up 3.7%

ELE stock opened at C$20.31 on Tuesday. Elemental Altus Royalties has a 52-week low of C$10.70 and a 52-week high of C$25.79. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 101.55 and a beta of 0.29. The business has a fifty day moving average of C$21.60 and a two-hundred day moving average of C$10.49.

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.