Elemental Royalty Corp $ELE Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its holdings in shares of Elemental Royalty Corp (NASDAQ:ELE) by 5.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,152,194 shares of the company’s stock after buying an additional 55,218 shares during the period. Elemental Royalty makes up 1.4% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Euro Pacific Asset Management LLC’s holdings in Elemental Royalty were worth $22,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi purchased a new stake in shares of Elemental Royalty in the 1st quarter worth about $12,813,000. Montrusco Bolton Investments Inc. purchased a new position in Elemental Royalty during the 3rd quarter valued at about $8,610,000. Arbiter Partners Capital Management LLC lifted its position in Elemental Royalty by 522.6% during the 1st quarter. Arbiter Partners Capital Management LLC now owns 168,317 shares of the company’s stock valued at $3,171,000 after acquiring an additional 141,284 shares during the period. Louisbourg Investments Inc. purchased a new position in Elemental Royalty during the 1st quarter valued at about $2,205,000. Finally, Bank of New York Mellon Corp bought a new stake in Elemental Royalty during the second quarter worth about $1,456,000.

Analyst Ratings Changes

ELE has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Elemental Royalty from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. HC Wainwright lowered their target price on shares of Elemental Royalty from $33.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.00.

Elemental Royalty Trading Down 3.0%

NASDAQ:ELE traded down $0.53 on Tuesday, reaching $16.97. 316,093 shares of the stock traded hands, compared to its average volume of 356,654. The company has a market capitalization of $1.23 billion and a price-to-earnings ratio of 212.12. Elemental Royalty Corp has a 12 month low of $12.58 and a 12 month high of $26.96. The company’s fifty day simple moving average is $20.29 and its 200 day simple moving average is $18.24.

Elemental Royalty (NASDAQ:ELE) last issued its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.07). The firm had revenue of $23.79 million during the quarter. Elemental Royalty had a return on equity of 0.53% and a net margin of 4.01%. Equities analysts anticipate that Elemental Royalty Corp will post 0.25 EPS for the current fiscal year.

Elemental Royalty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.7%. Elemental Royalty’s dividend payout ratio (DPR) is 150.00%.

Elemental Royalty Profile

Elemental Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold, with additional exposure to silver, copper and other commodities. Rather than operating mines directly, the company provides capital or other funding to mining operators in exchange for the right to receive a portion of future production or revenue from qualifying mineral properties.

The company has built a diversified portfolio of royalties and streams spanning multiple mining jurisdictions, including North and South America, Australia and Africa.