Elemental Altus Royalties (CVE:ELE) Trading 2.6% Higher - Should You Buy?

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.

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

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.