Insider Selling: Elemental Altus Royalties (CVE:ELE) Director Sells C$19,740.00 in Stock

Elemental Altus Royalties Corp. (CVE:ELE) Director David Cole sold 700 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of C$28.20, for a total value of C$19,740.00. Following the completion of the transaction, the director directly owned 780,863 shares in the company, valued at C$22,020,336.60. The trade was a 0.09% decrease in their ownership of the stock.

Elemental Altus Royalties Stock Up 1.4%

Elemental Altus Royalties stock opened at C$31.29 on Tuesday. Elemental Altus Royalties Corp. has a 52-week low of C$11.50 and a 52-week high of C$34.29. The company has a market cap of C$2.00 billion, a P/E ratio of 156.45 and a beta of 0.46. The business has a 50-day simple moving average of C$27.89 and a two-hundred day simple moving average of C$21.61.

Analyst Ratings Changes

Several analysts recently issued reports on ELE shares. National Bank Financial boosted their target price on shares of Elemental Altus Royalties from C$27.50 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Canaccord Genuity Group dropped their price target on shares of Elemental Altus Royalties from C$38.00 to C$33.00 in a research note on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$30.67.

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