HC Wainwright Has Weak Estimate for CVE:ELE FY2026 Earnings

Elemental Altus Royalties Corp. (CVE:ELE) – Investment analysts at HC Wainwright dropped their FY2026 earnings per share estimates for shares of Elemental Altus Royalties in a report issued on Thursday, May 14th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.35 for the year, down from their previous estimate of $0.64. HC Wainwright has a “Strong-Buy” rating on the stock.

Elemental Altus Royalties Stock Performance

Shares of CVE ELE opened at C$26.01 on Tuesday. The stock has a market capitalization of C$1.67 billion, a PE ratio of 433.50 and a beta of 0.82. The stock’s fifty day simple moving average is C$26.64 and its two-hundred day simple moving average is C$25.19. Elemental Altus Royalties has a 12-month low of C$11.90 and a 12-month high of C$34.29.

Insider Transactions at Elemental Altus Royalties

In other Elemental Altus Royalties news, Director David M. Cole sold 5,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of C$29.00, for a total transaction of C$145,000.00. Following the sale, the director owned 775,863 shares of the company’s stock, valued at approximately C$22,500,027. This trade 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.