Elemental Altus Royalties (CVE:ELE) Stock Rating Upgraded by HC Wainwright

Elemental Altus Royalties (CVE:ELE) was upgraded by equities researchers at HC Wainwright to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

ELE has been the subject of several other reports. National Bank Financial upped their target price on Elemental Altus Royalties from C$27.50 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, December 9th. Canaccord Genuity Group dropped their price target on Elemental Altus Royalties from C$38.00 to C$33.00 in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, Elemental Altus Royalties currently has an average rating of “Strong Buy” and an average target price of C$30.67.

Elemental Altus Royalties Stock Up 1.7%

ELE opened at C$31.04 on Monday. The firm has a market cap of C$1.98 billion, a PE ratio of 155.20 and a beta of 0.46. The business has a fifty day simple moving average of C$28.75 and a 200-day simple moving average of C$22.64. Elemental Altus Royalties has a fifty-two week low of C$11.80 and a fifty-two week high of C$34.29.

Insiders Place Their Bets

In related news, Director David M. Cole sold 5,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of C$29.00, for a total value of C$145,000.00. Following the completion of the sale, the director directly owned 775,863 shares of the company’s stock, valued at approximately C$22,500,027. This represents a 0.64% decrease in their position.

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