CVE:ELE FY2026 EPS Forecast Cut by HC Wainwright

Key Points

• HC Wainwright cut its FY2026 EPS estimate for Elemental Altus to $0.64 from $0.82 but kept a Strong-Buy rating.
• Analyst sentiment remains positive overall — MarketBeat shows a consensus Strong Buy with an average target price of C$30.67, while recent price-target moves include National Bank raising to C$30 and Canaccord cutting to C$33.
• Shares trade around C$25.72 with a market cap of C$1.64 billion, a P/E of 128.6, and a 52-week range of C$11.80–C$34.29.

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Investment analysts at HC Wainwright cut their FY2026 earnings per share estimates for shares of Elemental Altus Royalties in a research note issued 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 prior estimate of $0.82. HC Wainwright currently has a "Strong-Buy" rating on the stock.

Other research analysts also recently issued reports about the stock. National Bank Financial upped their price target on shares of Elemental Altus Royalties from C$27.50 to C$30.00 and gave the stock an "outperform" rating in a report on Tuesday, December 9th. Canaccord Genuity Group reduced their price objective on Elemental Altus Royalties from C$38.00 to C$33.00 in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat.com, Elemental Altus Royalties presently has a consensus rating of "Strong Buy" and an average target price of C$30.67.

Elemental Altus Royalties Price Performance

Shares of Elemental Altus Royalties stock opened at C$25.72 on Thursday. The company's 50 day moving average price is C$28.78 and its two-hundred day moving average price is C$23.67. The firm has a market capitalization of C$1.64 billion, a P/E ratio of 128.60 and a beta of 0.46. Elemental Altus Royalties has a fifty-two week low of C$11.80 and a fifty-two week high of C$34.29.

Insider Buying and Selling

In other Elemental Altus Royalties news, Director David M. Cole sold 5,000 shares of the business's 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 transaction of C$145,000.00. Following the sale, the director directly owned 775,863 shares of the company's stock, valued at 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.

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