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Raymond James Has Bullish Estimate for CVE:ELE Q1 Earnings

Elemental Altus Royalties logo with Transportation background

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Raymond James raised their Q1 2025 earnings per share (EPS) estimates for shares of Elemental Altus Royalties in a research report issued to clients and investors on Thursday, April 17th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.04 per share for the quarter, up from their prior forecast of $0.03.

Elemental Altus Royalties Price Performance

Shares of CVE ELE remained flat at C$1.44 during trading hours on Friday. The stock had a trading volume of 30,285 shares, compared to its average volume of 76,335. Elemental Altus Royalties has a 12 month low of C$0.97 and a 12 month high of C$1.52. The business's fifty day moving average price is C$1.28. The company has a market capitalization of C$244.61 million and a PE ratio of 177.93.

Elemental Altus Royalties Company Profile

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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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