FY2026 Earnings Forecast for CVE:ELE Issued By HC Wainwright

Elemental Altus Royalties Corp. (CVE:ELE) – Stock analysts at HC Wainwright cut their FY2026 EPS estimates for shares of Elemental Altus Royalties in a research note issued to investors on Thursday, November 12th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of $0.30 for the year, down from their prior forecast of $0.34.

ELE has been the topic of a number of other research reports. Raymond James Financial increased their price objective on shares of Elemental Altus Royalties from C$33.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, September 23rd. Canaccord Genuity Group lifted their target price on shares of Elemental Altus Royalties from C$30.00 to C$36.00 in a research report on Wednesday, September 23rd. Finally, National Bank Financial lifted their target price on shares of Elemental Altus Royalties from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$36.67.

Elemental Altus Royalties Price Performance

Shares of ELE stock opened at C$26.01 on Friday. The company has a 50 day moving average price of C$26.01 and a 200-day moving average price of C$26.59. Elemental Altus Royalties has a 52 week low of C$11.90 and a 52 week high of C$34.29. The firm has a market capitalization of C$1.67 billion, a PE ratio of 433.50 and a beta of 0.82.

About Elemental Altus Royalties

Endesa, S.A. 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.