Elemental Royalty (NASDAQ:ELE) Stock Price Up 8.1% – Should You Buy?

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

Analysts Set New Price Targets

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

Elemental Royalty Price Performance

The business’s 50 day simple moving average is $17.23. The stock has a market capitalization of $1.06 billion and a P/E ratio of 821.40.

Elemental Royalty (NASDAQ:ELE) last released 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 during the quarter.

Elemental Royalty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 0.7%. Elemental Royalty’s dividend payout ratio (DPR) is presently 600.00%.

Hedge Funds Weigh In On Elemental Royalty

Large investors have recently made changes to their positions in the business. K2 Principal Fund L.P. purchased a new position in Elemental Royalty during the fourth quarter valued at approximately $3,010,000. Alpine Global Management LLC acquired a new stake in shares of Elemental Royalty during the 4th quarter valued at $1,181,000. Investment Counsel Co. of Nevada acquired a new stake in shares of Elemental Royalty during the 4th quarter valued at $90,000. Regal Partners Ltd purchased a new position in shares of Elemental Royalty during the 1st quarter valued at $203,000. Finally, Aspen Grove Capital LLC acquired a new position in shares of Elemental Royalty in the first quarter worth $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.