Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$36.00

Elemental Altus Royalties (CVE:ELE) had its target price hoisted by Raymond James Financial from C$33.00 to C$36.00 in a research note published on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group boosted their price target on Elemental Altus Royalties from C$30.00 to C$36.00 in a research note on Wednesday. National Bank Financial raised their price objective on Elemental Altus Royalties from C$32.50 to C$35.00 and gave the stock an “outperform” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$35.67.

Elemental Altus Royalties Price Performance

Shares of CVE:ELE opened at C$26.01 on Wednesday. The company’s 50 day moving average price is C$26.01 and its two-hundred day moving average price is C$26.20. Elemental Altus Royalties has a 12-month low of C$11.90 and a 12-month high of C$34.29. The firm has a market cap of C$1.67 billion, a PE ratio of 433.50 and a beta of 0.82.

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. The company distribution and transmission networks comprise 315,365 kilometers. It also sells energy, as well as provides energy related commercial services.