Canaccord Genuity Group Issues Positive Forecast for Elemental Altus Royalties (CVE:ELE) Stock Price

Elemental Altus Royalties (CVE:ELE) had its price target upped by Canaccord Genuity Group from C$26.50 to C$33.00 in a research report report published on Thursday,BayStreet.CA reports.

Separately, National Bank Financial raised shares of Elemental Altus Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Elemental Altus Royalties has an average rating of “Strong Buy” and a consensus price target of C$17.63.

Elemental Altus Royalties Price Performance

ELE opened at C$24.37 on Thursday. The company has a 50 day simple moving average of C$8.04 and a two-hundred day simple moving average of C$3.83. The firm has a market cap of C$601.26 million, a P/E ratio of 81.23 and a beta of 0.01. Elemental Altus Royalties has a 1-year low of C$10.70 and a 1-year high of C$25.79.

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.