Elemental Royalty Corp (NASDAQ:ELE) Plans Quarterly Dividend of $0.03

Elemental Royalty Corp (NASDAQ:ELE) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.03 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, June 30th.

Elemental Royalty Stock Performance

Shares of ELE stock remained flat at $15.88 during trading hours on Friday. 877,582 shares of the stock traded hands, compared to its average volume of 325,850. The company has a market cap of $1.02 billion and a PE ratio of 794.00. Elemental Royalty has a fifty-two week low of $12.48 and a fifty-two week high of $26.96. The stock’s 50-day moving average is $17.66.

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

Analysts Set New Price Targets

Several brokerages have weighed in on ELE. Weiss Ratings downgraded Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Zacks Research upgraded Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. Finally, HC Wainwright started coverage on Elemental Royalty in a report on Monday, March 16th. They set a “buy” rating and a $32.50 target price on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $32.50.

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.