CVE:ELE FY2025 EPS Lowered by National Bank Financial

Elemental Altus Royalties Corp. (CVE:ELE) – Equities researchers at National Bank Financial cut their FY2025 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 anticipates that the company will post earnings of $0.05 per share for the year, down from their previous forecast of $0.06. National Bank Financial has a “Strong-Buy” rating on the stock.

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

Elemental Altus Royalties Stock Performance

Shares of Elemental Altus Royalties stock opened at C$1.53 on Friday. The company has a market cap of C$259.89 million and a price-to-earnings ratio of 189.05. Elemental Altus Royalties has a 1 year low of C$0.97 and a 1 year high of C$1.77. The company’s fifty day simple moving average is C$1.43 and its 200-day simple moving average is C$1.27.

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.