Elemental Altus Royalties Corp. (CVE:ELE - Get Free Report)'s stock price rose 2.6% during trading on Wednesday . The company traded as high as C$2.01 and last traded at C$1.99. Approximately 60,785 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 103,751 shares. The stock had previously closed at C$1.94.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Raymond James Financial boosted their target price on shares of Elemental Altus Royalties from C$2.00 to C$2.25 in a research report on Friday, April 4th. National Bank Financial upgraded shares of Elemental Altus Royalties from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th.
Check Out Our Latest Analysis on Elemental Altus Royalties
Elemental Altus Royalties Stock Performance
The stock has a market capitalization of C$353.32 million and a price-to-earnings ratio of 257.01. The company's 50 day moving average is C$1.60 and its 200 day moving average is C$1.37.
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.
See Also
Before you consider Elemental Altus Royalties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elemental Altus Royalties wasn't on the list.
While Elemental Altus Royalties currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.