Elemental Royalty Corp $ELE is Extract Advisors LLC’s 5th Largest Position

Extract Advisors LLC reduced its stake in shares of Elemental Royalty Corp (NASDAQ:ELE) by 35.8% in the 1st quarter, HoldingsChannel reports. The firm owned 1,097,208 shares of the company’s stock after selling 611,084 shares during the quarter. Elemental Royalty makes up 7.2% of Extract Advisors LLC’s portfolio, making the stock its 5th largest position. Extract Advisors LLC’s holdings in Elemental Royalty were worth $20,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELE. Geode Capital Management LLC purchased a new stake in Elemental Royalty in the 4th quarter valued at approximately $325,000. LPL Financial LLC purchased a new position in Elemental Royalty during the fourth quarter worth $313,000. Arbiter Partners Capital Management LLC purchased a new position in Elemental Royalty during the fourth quarter worth $459,000. Sprott Inc. acquired a new position in shares of Elemental Royalty in the fourth quarter worth $31,830,000. Finally, Jane Street Group LLC acquired a new position in shares of Elemental Royalty in the fourth quarter worth $1,527,000.

Analyst Upgrades and Downgrades

ELE has been the topic of a number of analyst reports. Zacks Research raised Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings downgraded shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.50.

Elemental Royalty Stock Up 1.2%

ELE stock opened at $15.89 on Tuesday. The firm has a market capitalization of $1.02 billion and a PE ratio of 794.50. Elemental Royalty Corp has a 52-week low of $12.58 and a 52-week high of $26.96. The business’s fifty day simple moving average is $16.18.

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

Elemental Royalty Dividend Announcement

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