Alpine Global Management LLC Buys Shares of 69,600 Elemental Royalty Corp $ELE

Alpine Global Management LLC purchased a new stake in Elemental Royalty Corp (NASDAQ:ELE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 69,600 shares of the company’s stock, valued at approximately $1,181,000.

Other large investors have also recently made changes to their positions in the company. Investment Counsel Co. of Nevada purchased a new stake in shares of Elemental Royalty in the 4th quarter valued at $90,000. Caitlin John LLC purchased a new position in Elemental Royalty during the 4th quarter valued at about $97,000. Kestra Advisory Services LLC purchased a new position in Elemental Royalty during the 4th quarter valued at about $133,000. Papamarkou Wellner Asset Management inc. purchased a new position in Elemental Royalty during the 4th quarter valued at about $182,000. Finally, Wells Fargo & Company MN acquired a new position in Elemental Royalty in the 4th quarter valued at about $247,000.

Analyst Ratings Changes

A number of analysts have issued reports on ELE shares. Zacks Research upgraded shares of Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. HC Wainwright started coverage on shares of Elemental Royalty in a research note on Monday, March 16th. They issued a “buy” rating and a $32.50 price objective for the company. Finally, Weiss Ratings cut shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.50.

Elemental Royalty Trading Down 4.5%

Shares of NASDAQ ELE opened at $15.88 on Friday. The business’s 50-day moving average is $17.66. Elemental Royalty Corp has a 1-year low of $12.48 and a 1-year high of $26.96. The stock has a market cap of $1.02 billion and a P/E ratio of 794.00.

Elemental Royalty (NASDAQ:ELE) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.10). The firm had revenue of $24.32 million during the quarter.

Elemental Royalty Profile

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.