CVE:ELE FY2026 EPS Raised by Raymond James Financial

Key Points

• Raymond James Financial has raised its FY2026 earnings estimates for Elemental Altus Royalties from $0.10 to $0.12 per share.
• National Bank Financial upgraded Elemental Altus Royalties from a "hold" to a "strong-buy" rating, reflecting positive analyst sentiment.
• The current stock price of Elemental Altus Royalties is C$2.10, with an average target price set at C$2.25.

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Equities research analysts at Raymond James Financial boosted their FY2026 earnings estimates for shares of Elemental Altus Royalties in a research report issued on Wednesday, August 20th. Raymond James Financial analyst B. Macarthur now anticipates that the company will post earnings of $0.12 per share for the year, up from their previous forecast of $0.10.

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

Elemental Altus Royalties Stock Down 1.9%

Elemental Altus Royalties stock opened at C$2.10 on Monday. The company's fifty day simple moving average is C$1.99 and its 200-day simple moving average is C$1.57. Elemental Altus Royalties has a 12 month low of C$1.00 and a 12 month high of C$2.20. The stock has a market cap of C$356.72 million and a P/E ratio of 259.48.

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.

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