Elmet Group Co. (ELMT) – What Are Brokerages Thinking About This Stock?

Posted by Geri Gentry on Nov 12th, 2026

Shares of Elmet Group Co. (NASDAQ:ELMT – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.00.

ELMT has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Elmet Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. Cantor Fitzgerald increased their target price on shares of Elmet Group from $20.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Needham & Company LLC raised their price target on shares of Elmet Group from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Canaccord Genuity Group raised their price target on shares of Elmet Group from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Roth Capital reaffirmed a “buy” rating and set a $26.00 price target (up from $21.00) on shares of Elmet Group in a report on Tuesday, September 15th.

Check Out Our Latest Stock Report on Elmet Group

Elmet Group News Summary

Here’s some of the latest news about ELMT:

Positive Sentiment: Canaccord Genuity raised its price target to $28 from $26 and reiterated a “buy” rating, implying about 33% upside from $21. Canaccord Genuity recommendations
Positive Sentiment: Elmet outlined a 2031 full-run-rate target as a Department of War-backed expansion advances, pointing to potential longer-term growth. Expansion and run-rate outlook
Neutral Sentiment: A short-interest update reported zero shares sold short and a zero-day short-interest ratio, suggesting little reported short positioning; the entry’s description of a “large increase” conflicts with those figures.

Institutional Trading of Elmet Group

A number of hedge funds have recently added to or reduced their stakes in ELMT. Bangor Savings Bank bought a new stake in shares of Elmet Group during the third quarter worth $48,741,000. Wellington Management Group LLP acquired a new position in shares of Elmet Group during the second quarter worth $10,537,000. AWM Investment Company Inc. acquired a new position in shares of Elmet Group during the second quarter worth $6,807,000. Roubaix Capital LLC acquired a new position in shares of Elmet Group during the third quarter worth $6,015,000. Finally, Skylands Capital LLC lifted its stake in shares of Elmet Group by 22.9% in the 3rd quarter. Skylands Capital LLC now owns 133,036 shares of the company’s stock valued at $2,655,000 after acquiring an additional 24,819 shares during the last quarter.

Elmet Group Stock Performance

Elmet Group stock opened at $21.00 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.91 and a quick ratio of 1.60. Elmet Group has a 52 week low of $12.48 and a 52 week high of $25.46. The firm has a market cap of $643.86 million and a PE ratio of 51.22. The stock’s fifty day simple moving average is $20.22.

Elmet Group (NASDAQ:ELMT – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.20. The business had revenue of $79.56 million for the quarter. The firm’s revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. On average, research analysts forecast that Elmet Group will post 0.72 earnings per share for the current year.

Elmet Group Company Profile

(Get Free Report)

Elmet Group, Inc. is a special purpose acquisition company (SPAC) formed to pursue a business combination with another company. It does not currently have an operating business or sell products and services of its own. The company’s stated purpose is to identify and combine with a business through a merger, acquisition, share exchange or similar transaction. Until such a transaction is completed, its activities are focused on evaluating potential opportunities. Information about a target business, operating markets and management following a business combination depends on any transaction Elmet Group may complete.