CVE:ELE Q1 EPS Estimate Cut by Raymond James Financial

Key Points

• Raymond James Financial has lowered its Q1 2026 EPS estimate for Elemental Altus Royalties from $0.03 to $0.01 per share.
• National Bank Financial upgraded the stock from a "hold" rating to a "strong-buy" rating, with an average price target of C$2.25.
• As of the report, Elemental Altus Royalties stock opened at C$2.21, with a market capitalization of C$545.26 million and a PE ratio of 73.67.

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Raymond James Financial decreased their Q1 2026 earnings per share (EPS) estimates for shares of Elemental Altus Royalties in a research note issued to investors on Monday, September 8th. Raymond James Financial analyst B. Macarthur now forecasts that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.03. Raymond James Financial also issued estimates for Elemental Altus Royalties' FY2026 earnings at $0.08 EPS.

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

Elemental Altus Royalties Stock Down 1.3%

ELE traded down C$0.03 on Wednesday, hitting C$2.24. 129,323 shares of the company traded hands, compared to its average volume of 122,426. The company has a 50 day moving average of C$2.08 and a 200-day moving average of C$1.67. The stock has a market capitalization of C$552.66 million, a PE ratio of 74.67 and a beta of 0.01. Elemental Altus Royalties has a 12-month low of C$1.07 and a 12-month high of C$2.48.

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.