Elemental Royalty (NASDAQ:ELE) Trading Up 2.7% – Here’s What Happened

Elemental Royalty Corp (NASDAQ:ELE) shares shot up 2.7% on Thursday . The stock traded as high as $23.12 and last traded at $23.12. 89,661 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 316,164 shares. The stock had previously closed at $22.51.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Elemental Royalty in a research report on Tuesday, January 27th. They set a “hold (c)” rating for the company. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Elemental Royalty Price Performance

Hedge Funds Weigh In On Elemental Royalty

A number of large investors have recently made changes to their positions in the company. Global Strategic Management Inc. purchased a new position in shares of Elemental Royalty during the fourth quarter valued at approximately $4,740,000. Millennium Management LLC bought a new stake in shares of Elemental Royalty during the 4th quarter worth approximately $1,632,000. Jane Street Group LLC purchased a new position in Elemental Royalty during the 4th quarter valued at $1,527,000. Arbiter Partners Capital Management LLC bought a new position in Elemental Royalty in the 4th quarter valued at $459,000. Finally, Geode Capital Management LLC purchased a new stake in Elemental Royalty in the fourth quarter worth $325,000.

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.