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Raymond James Has Weak Forecast for CVE:ELE FY2025 Earnings

Elemental Altus Royalties logo with Transportation background

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Raymond James cut their FY2025 EPS estimates for Elemental Altus Royalties in a research report issued on Tuesday, May 20th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.10 per share for the year, down from their prior estimate of $0.11. Raymond James also issued estimates for Elemental Altus Royalties' Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.03 EPS and FY2026 earnings at $0.10 EPS.

Elemental Altus Royalties Stock Performance

CVE ELE remained flat at C$1.50 during trading on Thursday. 55,252 shares of the company were exchanged, compared to its average volume of 71,684. The company has a market capitalization of C$254.80 million and a price-to-earnings ratio of 185.35. The firm's fifty day moving average is C$1.38 and its 200-day moving average is C$1.24. Elemental Altus Royalties has a 52-week low of C$0.97 and a 52-week high of C$1.52.

About Elemental Altus Royalties

(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.

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Earnings History and Estimates for Elemental Altus Royalties (CVE:ELE)

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