Raymond James Raises Elemental Altus Royalties (CVE:ELE) Price Target to C$2.25

Elemental Altus Royalties (CVE:ELE) had its target price boosted by equities researchers at Raymond James from C$2.00 to C$2.25 in a research note issued on Friday,BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 81.45% from the company’s previous close.

Elemental Altus Royalties Trading Down 2.4 %

Shares of ELE stock opened at C$1.24 on Friday. Elemental Altus Royalties has a fifty-two week low of C$0.97 and a fifty-two week high of C$1.42. The company has a market cap of C$210.63 million and a price-to-earnings ratio of 153.22. The stock has a 50 day simple moving average of C$1.22.

About Elemental Altus Royalties

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.