Elemental Altus Royalties (CVE:ELE) Upgraded to Strong-Buy at HC Wainwright

HC Wainwright upgraded shares of Elemental Altus Royalties (CVE:ELE) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. National Bank Financial boosted their price target on Elemental Altus Royalties from C$27.50 to C$30.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Canaccord Genuity Group cut their price objective on shares of Elemental Altus Royalties from C$38.00 to C$33.00 in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average target price of C$30.67.

Elemental Altus Royalties Price Performance

Shares of CVE ELE opened at C$31.04 on Monday. The business has a 50-day moving average of C$28.75 and a 200-day moving average of C$22.64. The stock has a market capitalization of C$1.98 billion, a price-to-earnings ratio of 155.20 and a beta of 0.46. Elemental Altus Royalties has a fifty-two week low of C$11.80 and a fifty-two week high of C$34.29.

Insider Buying and Selling at Elemental Altus Royalties

In related news, Director David M. Cole sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of C$29.00, for a total value of C$145,000.00. Following the completion of the sale, the director directly owned 775,863 shares in the company, valued at approximately C$22,500,027. The trade was a 0.64% decrease in their ownership of the stock.

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.