Elemental Royalty (NASDAQ:ELE) Shares Down 3.4% – What’s Next?

Shares of Elemental Royalty Corp (NASDAQ:ELE) fell 3.4% during mid-day trading on Wednesday . The company traded as low as $14.28 and last traded at $14.31. 266,127 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 318,258 shares. The stock had previously closed at $14.82.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ELE. HC Wainwright began 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 on the stock. Zacks Research raised shares of Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings cut shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.50.

Elemental Royalty Stock Performance

The stock has a fifty day simple moving average of $18.03.

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

Elemental Royalty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.03 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.12 annualized dividend and a yield of 0.8%.

Institutional Investors Weigh In On Elemental Royalty

Several hedge funds have recently bought and sold shares of ELE. Geode Capital Management LLC acquired a new stake in Elemental Royalty in the fourth quarter worth $325,000. LPL Financial LLC acquired a new stake in Elemental Royalty in the fourth quarter worth $313,000. Arbiter Partners Capital Management LLC acquired a new stake in Elemental Royalty in the fourth quarter worth $459,000. Sprott Inc. acquired a new stake in Elemental Royalty in the fourth quarter worth $31,830,000. Finally, Jane Street Group LLC acquired a new stake in Elemental Royalty in the fourth quarter worth $1,527,000.

Elemental Royalty Company 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.