FY2025 Earnings Estimate for CVE:ELE Issued By HC Wainwright

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

Several other analysts also recently weighed in on ELE. Canaccord Genuity Group cut their price target on Elemental Altus Royalties from C$38.00 to C$33.00 in a research note on Monday, December 1st. 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. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, Elemental Altus Royalties has a consensus rating of “Strong Buy” and an average price target of C$30.67.

Elemental Altus Royalties Stock Performance

Shares of CVE ELE opened at C$30.34 on Wednesday. The company has a 50 day simple moving average of C$28.89 and a two-hundred day simple moving average of C$22.84. Elemental Altus Royalties has a fifty-two week low of C$11.80 and a fifty-two week high of C$34.29. The company has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 151.70 and a beta of 0.46.

Insider Activity

In other Elemental Altus Royalties news, Director David M. Cole sold 5,000 shares of Elemental Altus Royalties stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of C$29.00, for a total value of C$145,000.00. Following the completion of the sale, the director owned 775,863 shares of the company’s stock, valued at approximately C$22,500,027. The trade was 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.