CVE:ELE FY2025 EPS Cut by National Bank Financial

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Equities researchers at National Bank Financial decreased their FY2025 earnings per share estimates for shares of Elemental Altus Royalties in a research note issued to investors on Tuesday, April 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.07 for the year, down from their prior estimate of $0.09. National Bank Financial also issued estimates for Elemental Altus Royalties' FY2026 earnings at $0.07 EPS.

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

Elemental Altus Royalties Trading Down 0.7 %

Shares of CVE ELE traded down C$0.01 during mid-day trading on Friday, hitting C$1.46. 35,164 shares of the stock traded hands, compared to its average volume of 75,350. Elemental Altus Royalties has a twelve month low of C$0.97 and a twelve month high of C$1.52. The firm has a market capitalization of C$248.00 million and a P/E ratio of 180.40. The firm's 50 day simple moving average is C$1.30.

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.