What is Raymond James’ Estimate for CVE:ELE FY2024 Earnings?

Elemental Altus Royalties Corp. (CVE:ELE) – Raymond James decreased their FY2024 earnings per share estimates for Elemental Altus Royalties in a report released on Tuesday, November 19th. Raymond James analyst B. Macarthur now anticipates 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 raised shares of Elemental Altus Royalties to a “hold” rating in a research report on Monday, October 21st.

Elemental Altus Royalties Price Performance

CVE ELE opened at C$1.14 on Friday. Elemental Altus Royalties has a fifty-two week low of C$0.97 and a fifty-two week high of C$1.29.

Insider Buying and Selling at Elemental Altus Royalties

In other Elemental Altus Royalties news, Director John Edward Robins bought 25,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were bought at an average cost of C$1.18 per share, with a total value of C$29,500.00.

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.