CVE:ELE FY2026 EPS Reduced by National Bank Financial

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Stock analysts at National Bank Financial reduced their FY2026 earnings per share (EPS) 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 earn $0.07 per share for the year, down from their prior forecast of $0.08. National Bank Financial has a "Strong-Buy" rating on the stock.

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

Elemental Altus Royalties Stock Up 3.8%

Shares of ELE stock traded up C$0.06 during mid-day trading on Monday, reaching C$1.63. 308,157 shares of the stock traded hands, compared to its average volume of 90,579. The stock's fifty day simple moving average is C$1.43 and its two-hundred day simple moving average is C$1.28. Elemental Altus Royalties has a 1-year low of C$0.97 and a 1-year high of C$1.77. The company has a market cap of C$276.88 million and a price-to-earnings ratio of 201.41.

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.