FY2026 Earnings Estimate for CVE:ELE Issued By HC Wainwright

Elemental Altus Royalties Corp. (CVE:ELE) – HC Wainwright decreased their FY2026 earnings per share estimates for Elemental Altus Royalties in a report released on Thursday, November 12th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.30 per share for the year, down from their prior estimate of $0.34.

Several other equities analysts also recently weighed in on the company. Raymond James Financial raised their price target on Elemental Altus Royalties from C$33.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, September 23rd. Canaccord Genuity Group increased their price objective on shares of Elemental Altus Royalties from C$30.00 to C$36.00 in a research report on Wednesday, September 23rd. Finally, National Bank Financial raised their price objective on shares of Elemental Altus Royalties from C$35.00 to C$38.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$36.67.

Elemental Altus Royalties Stock Performance

Elemental Altus Royalties stock opened at C$26.01 on Friday. Elemental Altus Royalties has a 12 month low of C$11.90 and a 12 month high of C$34.29. The company has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 433.50 and a beta of 0.82. The business’s fifty day simple moving average is C$26.01 and its two-hundred day simple moving average is C$26.59.

About Elemental Altus Royalties

Endesa, S.A. 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.