CVE:ELE FY2025 EPS Reduced by Raymond James Financial

Key Points

• Raymond James Financial has reduced their FY2025 earnings per share (EPS) estimate for Elemental Altus Royalties from $0.10 to $0.08.
• National Bank Financial upgraded Elemental Altus Royalties from a "hold" rating to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy".
• As of the latest trading session, Elemental Altus Royalties stock is priced at C$2.04, with a market capitalization of C$346.52 million.

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Investment analysts at Raymond James Financial lowered their FY2025 earnings per share (EPS) estimates for Elemental Altus Royalties in a note issued to investors on Tuesday, August 19th. Raymond James Financial analyst B. Macarthur now expects that the company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.10.

Separately, National Bank Financial raised Elemental Altus Royalties from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy" and an average price target of C$2.25.

Elemental Altus Royalties Trading Down 1.0%

Elemental Altus Royalties stock traded down C$0.02 during mid-day trading on Wednesday, hitting C$2.08. The company had a trading volume of 82,050 shares, compared to its average volume of 104,332. The stock's 50 day moving average price is C$1.99 and its two-hundred day moving average price is C$1.57. Elemental Altus Royalties has a 12 month low of C$1.00 and a 12 month high of C$2.20. The company has a market capitalization of C$353.32 million and a PE ratio of 257.01.

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.