FY2025 EPS Estimates for CVE:ELE Boosted by Analyst

Key Points

• Raymond James Financial raised their FY2025 earnings per share estimate for Elemental Altus Royalties to $0.72, up from the previous estimate of $0.70.
• National Bank Financial upgraded Elemental Altus Royalties from a "hold" rating to a "strong-buy" rating, with an average price target of C$2.25.
• The stock is currently trading at C$22.80 and has a market cap of C$562.52 million, reflecting a significant growth opportunity.

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Research analysts at Raymond James Financial raised their FY2025 earnings estimates for shares of Elemental Altus Royalties in a note issued to investors on Wednesday, September 17th. Raymond James Financial analyst B. Macarthur now expects that the company will post earnings per share of $0.72 for the year, up from their prior estimate of $0.70. Raymond James Financial also issued estimates for Elemental Altus Royalties' Q4 2025 earnings at $0.15 EPS, Q1 2026 earnings at $0.21 EPS and FY2026 earnings at $0.86 EPS.

Separately, National Bank Financial raised shares of Elemental Altus Royalties from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and an average target price of C$2.25.

Elemental Altus Royalties Trading Up 0.4%

Shares of CVE:ELE traded up C$0.10 during trading on Monday, reaching C$22.90. The company's stock had a trading volume of 37,209 shares, compared to its average volume of 12,620. Elemental Altus Royalties has a 12 month low of C$10.70 and a 12 month high of C$24.80. The firm's 50 day simple moving average is C$3.70 and its two-hundred day simple moving average is C$2.27. The stock has a market capitalization of C$564.99 million, a PE ratio of 76.33 and a beta of 0.01.

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.