Equities Analysts Offer Predictions for CVE:ELE Q1 Earnings

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) - Investment analysts at Raymond James Financial cut their Q1 2026 earnings per share (EPS) estimates for shares of Elemental Altus Royalties in a research note issued on Monday, September 8th. Raymond James Financial analyst B. Macarthur now forecasts that the company will post earnings per share of $0.01 for the quarter, down from their previous forecast of $0.03. Raymond James Financial also issued estimates for Elemental Altus Royalties' FY2026 earnings at $0.08 EPS.

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

Elemental Altus Royalties Stock Down 0.9%

CVE ELE traded down C$0.02 during trading on Wednesday, hitting C$2.27. 246,641 shares of the stock traded hands, compared to its average volume of 122,392. The company has a market capitalization of C$560.06 million, a P/E ratio of 75.67 and a beta of 0.01. The firm has a 50-day simple moving average of C$2.08 and a 200-day simple moving average of C$1.66. Elemental Altus Royalties has a 12-month low of C$1.07 and a 12-month high of C$2.48.

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.