FY2026 EPS Estimates for CVE:ELE Lowered by HC Wainwright

Elemental Altus Royalties Corp. (CVE:ELE) – Equities research analysts at HC Wainwright lowered their FY2026 EPS estimates for Elemental Altus Royalties in a research report issued to clients and investors on Wednesday, March 25th. HC Wainwright analyst H. Ihle now expects that the company will earn $0.64 per share for the year, down from their previous estimate of $0.82. HC Wainwright currently has a “Strong-Buy” rating on the stock.

A number of other analysts have also recently weighed in on ELE. Canaccord Genuity Group decreased their price objective on Elemental Altus Royalties from C$38.00 to C$33.00 in a research report on Monday, December 1st. National Bank Financial boosted their target price on Elemental Altus Royalties from C$27.50 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Elemental Altus Royalties currently has an average rating of “Strong Buy” and a consensus price target of C$30.67.

Elemental Altus Royalties Stock Down 10.7%

Shares of ELE stock opened at C$22.96 on Thursday. The stock has a market capitalization of C$1.47 billion, a PE ratio of 114.80 and a beta of 0.46. Elemental Altus Royalties has a 52-week low of C$11.80 and a 52-week high of C$34.29. The stock’s 50-day moving average price is C$28.68 and its 200 day moving average price is C$23.66.

Insider Activity

In other news, Director David M. 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 transaction, the director directly owned 775,863 shares in the company, valued at C$22,500,027. The trade was a 0.64% decrease in their ownership of the stock.

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.