HC Wainwright Has Weak Estimate for CVE:ELE FY2026 Earnings

Elemental Altus Royalties Corp. (CVE:ELE) – Stock analysts at HC Wainwright cut their FY2026 earnings per share (EPS) estimates for shares of Elemental Altus Royalties in a report released on Thursday, May 14th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of $0.35 for the year, down from their prior forecast of $0.64. HC Wainwright currently has a “Strong-Buy” rating on the stock.

Elemental Altus Royalties Price Performance

Elemental Altus Royalties stock opened at C$26.01 on Tuesday. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 433.50 and a beta of 0.82. Elemental Altus Royalties has a 1-year low of C$11.90 and a 1-year high of C$34.29. The business has a fifty day moving average price of C$26.64 and a 200-day moving average price of C$25.19.

Insider Buying and Selling at Elemental Altus Royalties

In other news, Director David M. Cole sold 5,000 shares of the firm’s stock in a transaction 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 owned 775,863 shares of the company’s stock, valued at C$22,500,027. This trade represents a 0.64% decrease in their position.

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.