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 stock analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports. National Bank Financial also issued estimates for Elemental Altus Royalties' FY2025 earnings at $0.05 EPS.

Separately, Raymond James increased their price target on shares of Elemental Altus Royalties from C$2.00 to C$2.25 in a report on Friday, April 4th.

Elemental Altus Royalties Stock Performance

Elemental Altus Royalties stock traded up C$0.04 during mid-day trading on Wednesday, hitting C$1.57. The company's stock had a trading volume of 133,444 shares, compared to its average volume of 88,670. The company has a 50 day moving average of C$1.43 and a 200-day moving average of C$1.28. Elemental Altus Royalties has a one year low of C$0.97 and a one year high of C$1.77. The stock has a market cap of C$266.69 million and a PE ratio of 193.99.

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.