CVE:ELE FY2025 EPS Reduced by Raymond James Financial

Key Points

• Raymond James Financial has revised its FY2025 earnings per share (EPS) estimate for Elemental Altus Royalties down to $0.07, compared to a previous estimate of $0.08.
• Despite the lowered earnings outlook, National Bank Financial has upgraded Elemental Altus Royalties to a "strong-buy" rating, reflecting a positive sentiment from some analysts.
• Elemental Altus Royalties' stock currently has an average consensus target price of C$2.25, while its market cap is approximately C$579.80 million.

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Raymond James Financial cut their FY2025 EPS estimates for shares of Elemental Altus Royalties in a research report issued on Monday, September 8th. Raymond James Financial analyst B. Macarthur now forecasts that the company will post earnings per share of $0.07 for the year, down from their previous estimate of $0.08. Raymond James Financial also issued estimates for Elemental Altus Royalties' Q4 2025 earnings at $0.01 EPS.

Separately, National Bank Financial upgraded shares of 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, According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and a consensus target price of C$2.25.

Elemental Altus Royalties Price Performance

Shares of Elemental Altus Royalties stock traded down C$0.02 during trading on Tuesday, hitting C$2.27. The stock had a trading volume of 246,641 shares, compared to its average volume of 122,392. Elemental Altus Royalties has a 12 month low of C$1.07 and a 12 month high of C$2.48. The firm's fifty day simple moving average is C$2.08 and its 200-day simple moving average is C$1.67. The stock has a market cap of C$560.06 million, a PE ratio of 75.67 and a beta of 0.01.

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.