Key Points
- Director David Cole sold 700 shares of Elemental Altus Royalties on Feb. 18 at C$28.20 for C$19,740, leaving him with 780,863 shares valued at about C$22.02M and representing only a 0.09% decrease in his position.
- Wall Street consensus is "Buy" with an average price target of C$30.67; National Bank Financial raised its target to C$30 (outperform) while Canaccord trimmed its target to C$33.
- The stock opened at C$30.86, trades with a 50-day/200-day moving average of C$27.72/C$21.27, a market cap of C$1.97B and a P/E of 154.3, and has a 52-week range of C$11.50–C$34.29.
Elemental Altus Royalties Corp. (CVE:ELE - Get Free Report) Director David Cole sold 700 shares of Elemental Altus Royalties stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of C$28.20, for a total transaction of C$19,740.00. Following the completion of the transaction, the director directly owned 780,863 shares of the company's stock, valued at approximately C$22,020,336.60. This trade represents a 0.09% decrease in their position.
Elemental Altus Royalties Price Performance
Elemental Altus Royalties stock opened at C$30.86 on Friday. The company's 50-day moving average is C$27.72 and its 200-day moving average is C$21.27. The firm has a market capitalization of C$1.97 billion, a PE ratio of 154.30 and a beta of 0.46. Elemental Altus Royalties Corp. has a fifty-two week low of C$11.50 and a fifty-two week high of C$34.29.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ELE. National Bank Financial upped their price objective on Elemental Altus Royalties from C$27.50 to C$30.00 and gave the company an "outperform" rating in a research note on Tuesday, December 9th. Canaccord Genuity Group dropped their price target on Elemental Altus Royalties from C$38.00 to C$33.00 in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$30.67.
Get Our Latest Report on Elemental Altus Royalties
About Elemental Altus Royalties
(
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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.
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