Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$36.00 at Raymond James Financial

Posted by Stacy Sanders on Sep 23rd, 2026

Elemental Altus Royalties (CVE:ELE – Get Free Report) had its price objective lifted by research analysts at Raymond James Financial from C$33.00 to C$36.00 in a report issued on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 38.41% from the stock’s previous close.

Several other analysts have also issued reports on ELE. Canaccord Genuity Group boosted their price target on Elemental Altus Royalties from C$30.00 to C$36.00 in a report on Wednesday. National Bank Financial lifted their price target on shares of Elemental Altus Royalties from C$32.50 to C$35.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Elemental Altus Royalties has an average rating of “Buy” and a consensus price target of C$35.67.

Get Our Latest Research Report on Elemental Altus Royalties

Elemental Altus Royalties Price Performance

CVE ELE remained flat at C$26.01 during trading hours on Wednesday. 26,251 shares of the company traded hands, compared to its average volume of 65,764. The stock has a 50 day simple moving average of C$26.01 and a two-hundred day simple moving average of C$26.26. The firm 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 12 month low of C$11.90 and a 12 month high of C$34.29.

About Elemental Altus Royalties

(Get Free Report)

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.