CVE:ELE FY2025 EPS Estimate Cut by National Bank Financial

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Equities researchers at National Bank Financial lowered their FY2025 earnings estimates for shares of Elemental Altus Royalties in a report issued on Wednesday, June 11th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.06. National Bank Financial has a "Strong-Buy" rating on the stock.

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

Elemental Altus Royalties Stock Performance

Shares of CVE:ELE traded up C$0.04 during midday trading on Friday, reaching C$1.57. The company had a trading volume of 133,444 shares, compared to its average volume of 88,670. The company has a fifty day simple moving average of C$1.43 and a two-hundred day simple moving average of C$1.27. The firm has a market cap of C$266.69 million and a price-to-earnings ratio of 193.99. Elemental Altus Royalties has a 1-year low of C$0.97 and a 1-year high of C$1.77.

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.