Elemental Altus Royalties (CVE:ELE) Upgraded by National Bank Financial to "Strong-Buy" Rating

Elemental Altus Royalties (CVE:ELE - Get Free Report) was upgraded by investment analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports. National Bank Financial also issued estimates for Elemental Altus Royalties' FY2025 earnings at $0.05 EPS.

Separately, Raymond James 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.

Elemental Altus Royalties Stock Performance

ELE traded up C$0.06 during trading on Wednesday, hitting C$1.63. The stock had a trading volume of 308,157 shares, compared to its average volume of 90,579. The firm has a market capitalization of C$276.88 million and a P/E ratio of 201.41. The company's 50-day moving average price is C$1.44 and its 200 day moving average price is C$1.28. Elemental Altus Royalties has a twelve month low of C$0.97 and a twelve month high of C$1.77.

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.