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

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

Elemental Altus Royalties Stock Up 3.8%

Shares of CVE:ELE opened at C$30.86 on Monday. The company has a market cap of C$1.97 billion, a P/E ratio of 154.30 and a beta of 0.46. Elemental Altus Royalties Corp. has a 52 week low of C$11.50 and a 52 week high of C$34.29. The company has a 50-day moving average price of C$27.72 and a 200 day moving average price of C$21.41.

Analyst Ratings Changes

Several analysts have recently commented on ELE shares. Canaccord Genuity Group reduced their price target on Elemental Altus Royalties from C$38.00 to C$33.00 in a report on Monday, December 1st. National Bank Financial upped their price objective 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. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.