Elemental Altus Royalties (CVE:ELE) Director David Cole Sells 5,000 Shares of Stock

Elemental Altus Royalties Corp. (CVE:ELE) Director David Cole sold 5,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of C$29.00, for a total transaction of C$145,000.00. Following the completion of the sale, the director owned 775,863 shares in the company, valued at C$22,500,027. This represents a 0.64% decrease in their position.

Elemental Altus Royalties Stock Up 3.8%

CVE:ELE opened at C$30.86 on Friday. The firm has a market cap of C$1.97 billion, a PE ratio of 154.30 and a beta of 0.46. Elemental Altus Royalties Corp. has a 12 month low of C$11.50 and a 12 month high of C$34.29. The company’s 50-day moving average price is C$27.72 and its two-hundred day moving average price is C$21.27.

Analysts Set New Price Targets

Several brokerages have recently commented on ELE. National Bank Financial boosted their target price on Elemental Altus Royalties from C$27.50 to C$30.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Canaccord Genuity Group cut their price objective on Elemental Altus Royalties from C$38.00 to C$33.00 in a research report on Monday, December 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$30.67.

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.