Elemental Altus Royalties (CVE:ELE) Price Target Raised to C$35.00

Elemental Altus Royalties (CVE:ELE) had its price objective hoisted by National Bank Financial from C$32.50 to C$35.00 in a research report released on Monday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Elemental Altus Royalties Stock Performance

CVE:ELE opened at C$26.01 on Monday. The company has a 50-day moving average price of C$26.01 and a 200-day moving average price of C$26.23. The stock has a market cap 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.

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.