National Bank Financial Issues Positive Forecast for Elemental Altus Royalties (CVE:ELE) Stock Price

Elemental Altus Royalties (CVE:ELE) had its price target raised by investment analysts at National Bank Financial from C$32.50 to C$35.00 in a research report issued on Monday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 34.56% from the company’s current price.

Elemental Altus Royalties Price Performance

Elemental Altus Royalties stock remained flat at C$26.01 during midday trading on Monday. 26,251 shares of the company were exchanged, compared to its average volume of 65,764. Elemental Altus Royalties has a 1 year low of C$11.90 and a 1 year high of C$34.29. The company has a market capitalization of C$1.67 billion, a P/E ratio of 433.50 and a beta of 0.82. The business has a 50-day moving average of C$26.01 and a two-hundred day moving average of C$26.32.

About Elemental Altus Royalties

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.