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

Elemental Royalty Corp (NASDAQ:ELE) declared a quarterly dividend on Thursday, September 17th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.03 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 30th.

Elemental Royalty Stock Performance

Shares of Elemental Royalty stock traded up $1.54 on Thursday, hitting $21.56. The company’s stock had a trading volume of 475,778 shares, compared to its average volume of 345,610. The company has a market capitalization of $1.39 billion and a price-to-earnings ratio of 269.50. Elemental Royalty has a 1 year low of $12.58 and a 1 year high of $26.96. The firm has a fifty day moving average price of $18.91 and a 200-day moving average price of $18.51.

Elemental Royalty (NASDAQ:ELE) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Elemental Royalty had a return on equity of 0.53% and a net margin of 4.01%.The business had revenue of $23.79 million for the quarter. As a group, analysts forecast that Elemental Royalty will post 0.23 EPS for the current year.

About Elemental Royalty

Elemental Royalty is a precious-metals royalty company that acquires and manages royalty, stream and other interests in mining projects. Rather than operating mines directly, the company provides capital or acquires existing interests in exchange for the right to receive a portion of future production or revenue, generally with limited exposure to the mine’s operating and capital costs.

The company’s portfolio is focused primarily on gold, with additional exposure to silver, copper and other metals through a range of producing, development-stage and exploration assets.