Elemental Royalty (NASDAQ:ELE) Releases Earnings Results, Misses Expectations By $0.07 EPS

Elemental Royalty (NASDAQ:ELE) announced its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07), Zacks reports. Elemental Royalty had a negative net margin of 1.05% and a negative return on equity of 0.12%.

Elemental Royalty Trading Up 1.7%

NASDAQ ELE traded up $0.32 during trading hours on Tuesday, reaching $19.40. 215,696 shares of the company’s stock traded hands, compared to its average volume of 349,839. Elemental Royalty has a 52-week low of $12.58 and a 52-week high of $26.96. The company has a market cap of $1.25 billion and a price-to-earnings ratio of 970.00. The business’s 50-day simple moving average is $16.13.

Elemental Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 30th. Elemental Royalty’s dividend payout ratio (DPR) is presently 600.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. One investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $32.50.

Hedge Funds Weigh In On Elemental Royalty

A number of institutional investors and hedge funds have recently made changes to their positions in ELE. Geode Capital Management LLC purchased a new position in shares of Elemental Royalty during the fourth quarter valued at approximately $325,000. LPL Financial LLC bought a new position in Elemental Royalty during the 4th quarter valued at approximately $313,000. Arbiter Partners Capital Management LLC bought a new position in Elemental Royalty during the 4th quarter valued at approximately $459,000. Sprott Inc. purchased a new position in Elemental Royalty during the fourth quarter valued at $31,830,000. Finally, Jane Street Group LLC purchased a new position in Elemental Royalty during the fourth quarter valued at $1,527,000.

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.