Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$35.00

Elemental Altus Royalties (CVE:ELE) had its target price upped by equities research analysts at National Bank Financial from C$32.50 to C$35.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 34.56% from the stock’s previous close.

Elemental Altus Royalties Stock Performance

Shares of Elemental Altus Royalties stock remained flat at C$26.01 on Monday. The stock had a trading volume of 26,251 shares, compared to its average volume of 65,764. Elemental Altus Royalties has a fifty-two week low of C$11.90 and a fifty-two week high of C$34.29. The firm has a market cap of C$1.67 billion, a PE ratio of 433.50 and a beta of 0.82. The business has a 50-day moving average price of C$26.01 and a 200 day moving average price of C$26.32.

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.