CVE:ELE FY2026 EPS Decreased by National Bank Financial

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Equities research analysts at National Bank Financial cut their FY2026 earnings per share estimates for Elemental Altus Royalties in a report released on Wednesday, June 11th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.07 per share for the year, down from their prior estimate of $0.08. National Bank Financial has a "Strong-Buy" rating on the stock.

Separately, Raymond James Financial raised their price objective 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 Down 7.0%

Shares of ELE traded down C$0.13 during mid-day trading on Monday, hitting C$1.73. 89,599 shares of the company traded hands, compared to its average volume of 94,960. The stock has a market capitalization of C$293.87 million and a price-to-earnings ratio of 213.76. The business has a 50-day moving average of C$1.46 and a 200 day moving average of C$1.29. Elemental Altus Royalties has a one year low of C$0.97 and a one year high of C$1.86.

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.