Raymond James Increases Elemental Altus Royalties (CVE:ELE) Price Target to C$2.25

Elemental Altus Royalties (CVE:ELE) had its price target raised by stock analysts at Raymond James from C$2.00 to C$2.25 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 81.45% from the company’s current price.

Elemental Altus Royalties Stock Down 2.4 %

Shares of CVE:ELE opened at C$1.24 on Friday. Elemental Altus Royalties has a 12-month low of C$0.97 and a 12-month high of C$1.42. The stock has a market capitalization of C$210.63 million and a PE ratio of 153.22. The company’s fifty day moving average is C$1.22.

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.