Elemental Royalty (NASDAQ:ELE) Shares Up 8.1% – Time to Buy?

Shares of Elemental Royalty Corp (NASDAQ:ELE) traded up 8.1% during mid-day trading on Friday . The company traded as high as $16.57 and last traded at $16.3810. Approximately 287,059 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 325,649 shares. The stock had previously closed at $15.16.

Analyst Ratings Changes

A number of research firms have recently commented on ELE. Zacks Research raised shares of Elemental Royalty to a “hold” rating in a report on Thursday, April 9th. HC Wainwright began coverage on shares of Elemental Royalty in a research note on Monday, March 16th. They issued a “buy” rating and a $32.50 target price on the stock. Finally, Weiss Ratings lowered shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.50.

Elemental Royalty Stock Performance

The company has a market cap of $1.05 billion and a PE ratio of 816.00. The business’s 50-day moving average price is $17.16.

Elemental Royalty (NASDAQ:ELE) last announced its earnings results on Wednesday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The firm had revenue of $24.32 million for the quarter.

Elemental Royalty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.7%. Elemental Royalty’s payout ratio is presently 600.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sprott Inc. acquired a new position in Elemental Royalty in the fourth quarter valued at approximately $31,830,000. Medici Capital LLC bought a new position in Elemental Royalty during the 4th quarter worth approximately $14,890,000. Condire Management LP acquired a new position in Elemental Royalty during the fourth quarter valued at approximately $11,646,000. Amundi acquired a new position in Elemental Royalty during the first quarter valued at approximately $12,813,000. Finally, Marshall Wace LLP acquired a new position in shares of Elemental Royalty in the 4th quarter valued at $5,243,000.

Elemental Royalty Company Profile

Elemental Royalties (NASDAQ: ELE) is a publicly traded company that acquires and manages royalty and streaming interests in the mining sector. The firm focuses on securing long‑lived, low‑cost interests that provide ongoing, contractually defined payments or metal deliveries from producing and near‑term development mineral projects. By targeting royalties and streams rather than operating mines, the company seeks exposure to commodity price upside while avoiding the capital intensity and operating risks of miners.

Elemental Royalties’ activities include sourcing and negotiating royalty and stream transactions, performing technical and commercial due diligence on potential assets, and actively managing a diversified portfolio of interests.