Elemental Altus Royalties (CVE:ELE) Stock Price Up 2.6% - Should You Buy?

Elemental Altus Royalties Corp. (CVE:ELE - Get Free Report) traded up 2.6% during trading on Wednesday . The stock traded as high as C$2.01 and last traded at C$1.99. 60,785 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 103,751 shares. The stock had previously closed at C$1.94.

Analyst Ratings Changes

Several equities research analysts have commented on the company. National Bank Financial upgraded Elemental Altus Royalties from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Raymond James Financial boosted their target price on Elemental Altus Royalties from C$2.00 to C$2.25 in a research note on Friday, April 4th.

Elemental Altus Royalties Stock Up 2.9%

The stock has a 50 day simple moving average of C$1.63 and a two-hundred day simple moving average of C$1.38. The stock has a market capitalization of C$363.51 million and a P/E ratio of 264.43.

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.