FY2024 Earnings Forecast for CVE:ELE Issued By Raymond James

Elemental Altus Royalties Corp. (CVE:ELE) – Raymond James reduced their FY2024 earnings per share estimates for shares of Elemental Altus Royalties in a note issued to investors on Tuesday, November 19th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.02 per share for the year, down from their prior estimate of $0.03. Raymond James also issued estimates for Elemental Altus Royalties’ Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.07 EPS.

Separately, National Bank Financial upgraded Elemental Altus Royalties to a “hold” rating in a research report on Monday, October 21st.

Elemental Altus Royalties Price Performance

CVE ELE opened at C$1.14 on Friday. Elemental Altus Royalties has a fifty-two week low of C$0.97 and a fifty-two week high of C$1.29.

Insider Activity

In other Elemental Altus Royalties news, Director John Edward Robins bought 25,000 shares of Elemental Altus Royalties stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average cost of C$1.18 per share, for a total transaction of C$29,500.00.

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.