National Bank Financial Forecasts CVE:ELE FY2025 Earnings

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Analysts at National Bank Financial reduced their FY2025 EPS estimates for shares of Elemental Altus Royalties in a research note issued to investors on Wednesday, June 11th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.05 per share for the year, down from their prior forecast of $0.06. National Bank Financial has a "Strong-Buy" rating on the stock.

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

Elemental Altus Royalties Trading Up 3.8%

CVE:ELE traded up C$0.06 on Friday, reaching C$1.63. The stock had a trading volume of 308,157 shares, compared to its average volume of 90,579. The stock has a market cap of C$276.88 million and a P/E ratio of 201.41. The company has a 50-day moving average of C$1.44 and a 200 day moving average of C$1.28. Elemental Altus Royalties has a 12-month low of C$0.97 and a 12-month 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.