What is Raymond James’ Forecast for CVE:ELE FY2024 Earnings?

Elemental Altus Royalties Corp. (CVE:ELE) – Analysts at Raymond James dropped their FY2024 earnings per share (EPS) estimates for shares of Elemental Altus Royalties in a research note issued to investors on Tuesday, November 19th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.02 for the year, down from their previous forecast of $0.03. Raymond James also issued estimates for Elemental Altus Royalties’ Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.07 EPS.

Separately, National Bank Financial upgraded shares of Elemental Altus Royalties to a “hold” rating in a research note on Monday, October 21st.

Elemental Altus Royalties Price Performance

Shares of CVE:ELE opened at C$1.13 on Friday. Elemental Altus Royalties has a fifty-two week low of C$0.97 and a fifty-two week high of C$1.29.

Insiders Place Their Bets

In related news, Director John Edward Robins purchased 25,000 shares of Elemental Altus Royalties stock in a transaction that occurred on Thursday, October 17th. The shares were acquired at an average price of C$1.18 per share, for a total transaction of C$29,500.00.

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.