Elemental Royalty (NASDAQ:ELE) Stock Gets Price Target Trim from HC Wainwright

Elemental Royalty (NASDAQ:ELE) had its target price decreased by HC Wainwright from $31.00 to $30.25 in a report published on Thursday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Elemental Royalty’s FY2026 earnings at $0.21 EPS.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Elemental Royalty in a research note on Tuesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.25.

Elemental Royalty Price Performance

Shares of ELE traded down $0.33 during mid-day trading on Thursday, reaching $14.05. 343,280 shares of the stock traded hands, compared to its average volume of 470,626. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 175.62. 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 $17.85 and a 200 day moving average price of $18.54. The company has a current ratio of 3.55, a quick ratio of 5.48 and a debt-to-equity ratio of 0.03.

Elemental Royalty (NASDAQ:ELE) last issued its quarterly earnings data on Tuesday, November 10th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $20.81 million during the quarter. Elemental Royalty had a return on equity of 0.70% and a net margin of 6.15%. As a group, equities research analysts predict that Elemental Royalty will post 0.23 earnings per share for the current year.

Elemental Royalty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Elemental Royalty’s payout ratio is currently 150.00%.

Institutional Trading of Elemental Royalty

Hedge funds have recently made changes to their positions in the stock. Euro Pacific Asset Management LLC grew its position in Elemental Royalty by 5.0% in the third quarter. Euro Pacific Asset Management LLC now owns 1,152,194 shares of the company’s stock worth $22,007,000 after acquiring an additional 55,218 shares in the last quarter. Amundi purchased a new stake in Elemental Royalty during the first quarter valued at about $12,813,000. U S Global Investors Inc. bought a new stake in Elemental Royalty during the third quarter worth about $9,030,000. Montrusco Bolton Investments Inc. bought a new stake in Elemental Royalty during the third quarter worth about $8,610,000. Finally, Arbiter Partners Capital Management LLC boosted its holdings in shares of Elemental Royalty by 522.6% in the 1st quarter. Arbiter Partners Capital Management LLC now owns 168,317 shares of the company’s stock worth $3,171,000 after purchasing an additional 141,284 shares in the last quarter.

About Elemental Royalty

Elemental Royalty Corporation is a precious-metals royalty company. It provides financing to mining companies in exchange for rights to a portion of future mineral production or revenue, allowing it to participate in mine output without directly operating the mines. The company’s portfolio includes royalties and other interests in producing mines and projects under development. Its assets span multiple regions, including Australia, Africa, and the Americas. The business traces its roots to the 2022 merger of Elemental Royalties and Altus Strategies.