FY2024 Earnings Estimate for CVE:ELE Issued By Raymond James

Elemental Altus Royalties Corp. (CVE:ELE - Free Report) - Equities researchers at Raymond James lowered their FY2024 earnings estimates for shares of Elemental Altus Royalties in a research note issued to investors on Monday, March 3rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.00 for the year, down from their previous forecast of $0.02.

Elemental Altus Royalties Stock Up 1.6 %

CVE ELE traded up C$0.02 during trading hours on Wednesday, reaching C$1.25. 33,500 shares of the company were exchanged, compared to its average volume of 78,809. The company has a market cap of C$212.33 million and a PE ratio of 154.45. Elemental Altus Royalties has a 1 year low of C$0.97 and a 1 year high of C$1.29. The firm has a 50 day simple moving average of C$1.17.

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.