Aspen Grove Capital LLC Acquires Shares of 70,550 Elemental Royalty Corp $ELE

Aspen Grove Capital LLC bought a new position in Elemental Royalty Corp (NASDAQ:ELE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 70,550 shares of the company’s stock, valued at approximately $1,331,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ELE. Geode Capital Management LLC acquired a new stake in Elemental Royalty in the fourth quarter valued at about $325,000. LPL Financial LLC purchased a new stake in shares of Elemental Royalty in the fourth quarter valued at approximately $313,000. Arbiter Partners Capital Management LLC acquired a new position in Elemental Royalty during the fourth quarter worth $459,000. Sprott Inc. acquired a new position in Elemental Royalty during the fourth quarter worth $31,830,000. Finally, Jane Street Group LLC purchased a new position in Elemental Royalty in the fourth quarter worth $1,527,000.

Wall Street Analysts Forecast Growth

ELE has been the topic of several research analyst reports. Zacks Research upgraded shares of Elemental Royalty to a “hold” rating in a research report on Thursday, April 9th. 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $32.50.

Elemental Royalty Stock Down 1.4%

Shares of NASDAQ ELE opened at $15.64 on Friday. The firm has a 50-day simple moving average of $16.23. The stock has a market capitalization of $1.01 billion and a P/E ratio of 782.00. Elemental Royalty Corp has a 12-month low of $12.58 and a 12-month high of $26.96.

Elemental Royalty (NASDAQ:ELE) last announced its earnings results on Wednesday, May 13th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). The business had revenue of $24.32 million during the quarter.

Elemental Royalty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.12 annualized dividend and a yield of 0.8%. Elemental Royalty’s payout ratio is presently 600.00%.

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.