Raymond James Financial Comments on CVE:ELE Q4 Earnings

Key Points

• Raymond James Financial has increased its Q4 2025 earnings per share forecast for Elemental Altus Royalties to $0.17, up from $0.15, while also estimating Q1 2026 earnings at $0.22 EPS and FY2026 earnings at $0.94 EPS.
• Canaccord Genuity Group raised the target price for Elemental Altus Royalties from C$26.50 to C$33.00, with a consensus rating of "Strong Buy" and an average target price of C$31.00.
• Shares of Elemental Altus Royalties have recorded a 0.8% increase and are currently priced at C$24.60, with a market cap of C$609.27 million.

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Equities research analysts at Raymond James Financial raised their Q4 2025 earnings per share (EPS) estimates for shares of Elemental Altus Royalties in a note issued to investors on Thursday, October 9th. Raymond James Financial analyst B. Macarthur now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their previous forecast of $0.15. Raymond James Financial also issued estimates for Elemental Altus Royalties' Q1 2026 earnings at $0.22 EPS and FY2026 earnings at $0.94 EPS.

Separately, Canaccord Genuity Group raised their target price on Elemental Altus Royalties from C$26.50 to C$33.00 in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Elemental Altus Royalties has a consensus rating of "Strong Buy" and an average target price of C$31.00.

Elemental Altus Royalties Stock Up 0.8%

Shares of CVE:ELE opened at C$24.60 on Monday. The firm has a market cap of C$609.27 million, a P/E ratio of 82.00 and a beta of 0.23. Elemental Altus Royalties has a 12-month low of C$10.70 and a 12-month high of C$25.79. The business has a fifty day simple moving average of C$10.32 and a 200 day simple moving average of C$4.66.

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.

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