Elemental Royalty (NASDAQ:ELE) Releases Earnings Results, Misses Expectations By $0.10 EPS

Elemental Royalty (NASDAQ:ELE) released its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10), Zacks reports.

Elemental Royalty Price Performance

Shares of NASDAQ:ELE opened at $19.42 on Thursday. Elemental Royalty has a 12-month low of $9.50 and a 12-month high of $26.96. The stock’s 50 day moving average price is $19.52.

Elemental Royalty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 31st.

Institutional Investors Weigh In On Elemental Royalty

A number of institutional investors have recently made changes to their positions in the company. Caitlin John LLC bought a new stake in shares of Elemental Royalty during the fourth quarter worth approximately $97,000. Kestra Advisory Services LLC bought a new stake in shares of Elemental Royalty during the fourth quarter worth approximately $133,000. Papamarkou Wellner Asset Management inc. bought a new stake in shares of Elemental Royalty in the fourth quarter valued at approximately $182,000. Wells Fargo & Company MN bought a new stake in shares of Elemental Royalty in the fourth quarter valued at approximately $247,000. Finally, LPL Financial LLC bought a new stake in shares of Elemental Royalty in the fourth quarter valued at approximately $313,000.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings assumed coverage on Elemental Royalty in a research report on Tuesday, January 27th. They set a “hold (c)” rating on the stock. HC Wainwright assumed coverage on Elemental Royalty in a research report on Monday, March 16th. They set a “buy” rating and a $32.50 price target on the stock. Finally, Zacks Research raised Elemental Royalty to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.