Elemental Royalty (NASDAQ:ELE) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Elemental Royalty (NASDAQ:ELE – Get Free Report) posted its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.10), Zacks reports.

Elemental Royalty Stock Down 3.5%

Shares of Elemental Royalty stock traded down $0.71 during trading hours on Wednesday, reaching $19.42. 179,223 shares of the company’s stock were exchanged, compared to its average volume of 324,116. Elemental Royalty has a 1 year low of $9.50 and a 1 year high of $26.96. The firm has a fifty day moving average price of $19.52.

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Elemental Royalty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ELE shares. Weiss Ratings started coverage on shares of Elemental Royalty in a research report on Tuesday, January 27th. They issued a “hold (c)” rating on the stock. HC Wainwright began coverage on shares of Elemental Royalty in a research note on Monday, March 16th. They issued a “buy” rating and a $32.50 price target on the stock. Finally, Zacks Research upgraded Elemental Royalty to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.50.

View Our Latest Report on Elemental Royalty

Hedge Funds Weigh In On Elemental Royalty

Institutional investors and hedge funds have recently bought and sold shares of the business. Medici Capital LLC acquired a new stake in shares of Elemental Royalty in the fourth quarter valued at approximately $14,890,000. Condire Management LP acquired a new position in Elemental Royalty during the fourth quarter worth $11,646,000. Marshall Wace LLP purchased a new stake in Elemental Royalty in the 4th quarter valued at $5,243,000. Global Strategic Management Inc. acquired a new stake in shares of Elemental Royalty in the 4th quarter worth $4,740,000. Finally, Millennium Management LLC purchased a new position in shares of Elemental Royalty during the 4th quarter worth $1,632,000.

Elemental Royalty Company Profile

(Get Free Report)

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.

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