Raymond James Analysts Reduce Earnings Estimates for CVE:ELE

Elemental Altus Royalties Corp. (CVE:ELE) – Analysts at Raymond James dropped their FY2024 EPS estimates for Elemental Altus Royalties in a research report issued to clients and investors on Tuesday, November 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.02 for the year, down from their prior estimate of $0.03. Raymond James also issued estimates for Elemental Altus Royalties’ Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.07 EPS.

Separately, National Bank Financial upgraded Elemental Altus Royalties to a “hold” rating in a report on Monday, October 21st.

Elemental Altus Royalties Stock Performance

Shares of Elemental Altus Royalties stock opened at C$1.13 on Friday. Elemental Altus Royalties has a 52 week low of C$0.97 and a 52 week high of C$1.29.

Insider Activity at Elemental Altus Royalties

In other news, Director John Edward Robins acquired 25,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was acquired at an average price of C$1.18 per share, for a total transaction of C$29,500.00.

About Elemental Altus Royalties

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.