Elemental Altus Royalties (CVE:ELE) Given New C$33.00 Price Target at Canaccord Genuity Group

Elemental Altus Royalties (CVE:ELE) had its price target decreased by equities researchers at Canaccord Genuity Group from C$38.00 to C$33.00 in a research report issued on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 54.57% from the company’s previous close.

Separately, Raymond James Financial boosted their price objective on Elemental Altus Royalties from C$27.50 to C$29.00 in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average target price of C$31.00.

Elemental Altus Royalties Trading Up 6.4%

ELE traded up C$1.28 during trading on Monday, reaching C$21.35. 66,814 shares of the company’s stock were exchanged, compared to its average volume of 19,284. Elemental Altus Royalties has a one year low of C$10.70 and a one year high of C$25.79. The firm has a fifty day moving average price of C$21.99 and a two-hundred day moving average price of C$9.54. The stock has a market capitalization of C$1.36 billion, a PE ratio of 106.75 and a beta of 0.27.

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.