Analysts Set Expectations for CVE:ELE FY2025 Earnings

Elemental Altus Royalties Corp. (CVE:ELE) – Equities research analysts at HC Wainwright issued their FY2025 earnings per share estimates for shares of Elemental Altus Royalties in a research report issued on Monday, March 16th. HC Wainwright analyst H. Ihle anticipates that the company will earn $0.06 per share for the year. HC Wainwright currently has a “Strong-Buy” rating on the stock. HC Wainwright also issued estimates for Elemental Altus Royalties’ FY2026 earnings at $0.82 EPS.

ELE has been the subject of several other reports. National Bank Financial raised their price target 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. Canaccord Genuity Group dropped their price objective on Elemental Altus Royalties from C$38.00 to C$33.00 in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, Elemental Altus Royalties presently has an average rating of “Strong Buy” and an average target price of C$30.67.

Elemental Altus Royalties Stock Performance

Shares of CVE:ELE opened at C$27.55 on Wednesday. Elemental Altus Royalties has a one year low of C$11.80 and a one year high of C$34.29. The stock has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 137.75 and a beta of 0.46. The company has a 50-day simple moving average of C$28.95 and a 200-day simple moving average of C$22.88.

Insider Activity at Elemental Altus Royalties

In related news, Director David M. Cole sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 775,863 shares in the company, valued at 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.