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

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

Elemental Royalty Price Performance

Shares of NASDAQ:ELE traded up $1.54 during midday trading on Thursday, hitting $21.56. The company had a trading volume of 475,778 shares, compared to its average volume of 345,610. Elemental Royalty has a twelve month low of $12.58 and a twelve month high of $26.96. The stock has a market cap of $1.39 billion and a price-to-earnings ratio of 269.50. The business’s 50-day simple moving average is $18.91 and its 200-day simple moving average is $18.51.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on ELE shares. Weiss Ratings raised shares of Elemental Royalty from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. HC Wainwright lifted their target price on shares of Elemental Royalty from $32.50 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.00.

Elemental Royalty Company Profile

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.