Elemental Royalty (NASDAQ:ELE) Price Target Raised to $33.00 at HC Wainwright

Elemental Royalty (NASDAQ:ELE) had its price objective increased by HC Wainwright from $32.50 to $33.00 in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective would suggest a potential upside of 70.10% from the stock’s previous close.

Separately, Weiss Ratings lowered 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Elemental Royalty Price Performance

NASDAQ ELE opened at $19.40 on Wednesday. The firm has a 50-day moving average of $16.16. Elemental Royalty has a 12 month low of $12.58 and a 12 month high of $26.96. The firm has a market capitalization of $1.25 billion and a PE ratio of 970.00.

Elemental Royalty (NASDAQ:ELE) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Elemental Royalty had a negative net margin of 1.05% and a negative return on equity of 0.12%. On average, equities research analysts anticipate that Elemental Royalty will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Yorkville Advisors Global LP acquired a new stake in Elemental Royalty during the 2nd quarter worth approximately $9,309,846,000. Bank of New York Mellon Corp acquired a new position in shares of Elemental Royalty in the second quarter worth $1,456,000. Amundi purchased a new stake in shares of Elemental Royalty during the first quarter worth $12,813,000. Regal Partners Ltd purchased a new stake in shares of Elemental Royalty during the first quarter worth $203,000. Finally, Aspen Grove Capital LLC acquired a new stake in shares of Elemental Royalty in the first quarter valued at $1,331,000.

About Elemental Royalty

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.