117,375 Shares in Elemental Royalty Corp $ELE Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. acquired a new stake in Elemental Royalty Corp (NASDAQ:ELE) during the 1st quarter, Holdings Channel reports. The fund acquired 117,375 shares of the company’s stock, valued at approximately $2,205,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sprott Inc. acquired a new position in Elemental Royalty during the fourth quarter worth about $31,830,000. Medici Capital LLC bought a new position in shares of Elemental Royalty in the fourth quarter worth about $14,890,000. Condire Management LP acquired a new stake in shares of Elemental Royalty in the 4th quarter valued at approximately $11,646,000. Marshall Wace LLP acquired a new stake in shares of Elemental Royalty in the 4th quarter valued at approximately $5,243,000. Finally, Global Strategic Management Inc. bought a new stake in shares of Elemental Royalty during the 4th quarter valued at approximately $4,740,000.

Elemental Royalty Stock Up 7.7%

Elemental Royalty stock opened at $16.32 on Friday. The company has a 50-day moving average price of $17.16. Elemental Royalty Corp has a 12 month low of $12.58 and a 12 month high of $26.96. The company has a market capitalization of $1.05 billion and a P/E ratio of 816.00.

Elemental Royalty (NASDAQ:ELE) last released its quarterly 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 firm had revenue of $24.32 million during the quarter.

Elemental Royalty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.12 annualized dividend and a yield of 0.7%. Elemental Royalty’s dividend payout ratio (DPR) is currently 600.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ELE shares. Weiss Ratings cut shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Zacks Research raised shares of Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. Finally, HC Wainwright began coverage on shares of Elemental Royalty in a report on Monday, March 16th. They set a “buy” rating and a $32.50 price target for the company. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.50.

About Elemental Royalty

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.