Raymond James Financial Forecasts CVE:ELE Q1 Earnings

Elemental Altus Royalties Corp. (CVE:ELE) – Raymond James Financial increased their Q1 2026 EPS estimates for shares of Elemental Altus Royalties in a note issued to investors on Thursday, November 13th. Raymond James Financial analyst B. Macarthur now expects that the company will earn $0.24 per share for the quarter, up from their prior estimate of $0.22. Raymond James Financial also issued estimates for Elemental Altus Royalties’ Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.27 EPS and FY2026 earnings at $0.99 EPS.

Separately, Canaccord Genuity Group lifted their target price on Elemental Altus Royalties from C$26.50 to C$33.00 in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average target price of C$31.00.

Elemental Altus Royalties Stock Down 9.9%

Shares of CVE ELE opened at C$19.03 on Monday. The business’s 50 day moving average price is C$20.91 and its two-hundred day moving average price is C$8.55. The company has a market cap of C$1.07 billion, a PE ratio of 63.43 and a beta of 0.27. Elemental Altus Royalties has a twelve month low of C$10.70 and a twelve month high of C$25.79.

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.