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Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$29.00 at Raymond James Financial

Written by MarketBeat
October 11, 2025
Elemental Altus Royalties logo with Transportation background

Key Points

  • Raymond James Financial raised the price target for Elemental Altus Royalties from C$27.50 to C$29.00, suggesting a potential upside of 17.89% from the stock's previous close.
  • Canaccord Genuity also increased their target for the stock from C$26.50 to C$33.00, contributing to a consensus Strong Buy rating with an average target price of C$31.00.
  • As of the latest trading, ELE stock was priced at C$24.60, reflecting a 0.8% increase during the day.
  • Interested in Elemental Altus Royalties? Here are five stocks we like better.

Elemental Altus Royalties (CVE:ELE - Get Free Report) had its price target boosted by stock analysts at Raymond James Financial from C$27.50 to C$29.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Raymond James Financial's target price indicates a potential upside of 17.89% from the stock's previous close.

Separately, Canaccord Genuity Group boosted their price target on Elemental Altus Royalties from C$26.50 to C$33.00 in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy" and an average target price of C$31.00.

View Our Latest Report on Elemental Altus Royalties

Elemental Altus Royalties Stock Up 0.8%

Shares of ELE stock traded up C$0.20 during mid-day trading on Friday, reaching C$24.60. 11,215 shares of the stock traded hands, compared to its average volume of 14,446. The stock's fifty day simple moving average is C$9.86 and its two-hundred day simple moving average is C$4.46. Elemental Altus Royalties has a 1-year low of C$10.70 and a 1-year high of C$25.79. The company has a market cap of C$609.27 million, a price-to-earnings ratio of 82.00 and a beta of 0.23.

Elemental Altus Royalties Company Profile

(Get Free Report)

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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