Elemental Altus Royalties (CVE:ELE) Stock Rating Upgraded by HC Wainwright

Elemental Altus Royalties (CVE:ELE) was upgraded by equities research analysts at HC Wainwright to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. National Bank Financial lifted their price objective on shares of Elemental Altus Royalties from C$27.50 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Canaccord Genuity Group dropped their price objective 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 assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus target price of C$30.67.

Elemental Altus Royalties Trading Down 2.3%

ELE stock opened at C$30.34 on Monday. Elemental Altus Royalties has a 1-year low of C$11.80 and a 1-year high of C$34.29. The business’s 50 day simple moving average is C$28.89 and its 200 day simple moving average is C$22.84. The firm has a market capitalization of C$1.94 billion, a PE ratio of 151.70 and a beta of 0.46.

Insider Buying and Selling at Elemental Altus Royalties

In other news, Director David M. Cole sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of C$29.00, for a total value of C$145,000.00. Following the completion of the transaction, the director directly owned 775,863 shares in the company, valued at approximately C$22,500,027. This represents a 0.64% decrease in their position.

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.