Insider Selling: Elemental Altus Royalties (CVE:ELE) Director Sells C$145,000.00 in Stock

Elemental Altus Royalties Corp. (CVE:ELE) Director David Cole sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of C$29.00, for a total transaction of C$145,000.00. Following the completion of the sale, the director directly owned 775,863 shares of the company’s stock, valued at C$22,500,027. This represents a 0.64% decrease in their position.

Elemental Altus Royalties Trading Up 1.4%

Shares of ELE opened at C$31.29 on Tuesday. Elemental Altus Royalties Corp. has a 12 month low of C$11.50 and a 12 month high of C$34.29. The firm’s 50 day moving average is C$27.89 and its 200-day moving average is C$21.61. The stock has a market capitalization of C$2.00 billion, a PE ratio of 156.45 and a beta of 0.46.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ELE. National Bank Financial raised their price objective on Elemental Altus Royalties from C$27.50 to C$30.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Canaccord Genuity Group cut their target price on Elemental Altus Royalties from C$38.00 to C$33.00 in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$30.67.

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. The company distribution and transmission networks comprise 315,365 kilometers. It also sells energy, as well as provides energy related commercial services.