K2 Principal Fund L.P. Acquires Shares of 177,356 Elemental Royalty Corp $ELE

K2 Principal Fund L.P. acquired a new stake in shares of Elemental Royalty Corp (NASDAQ:ELE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 177,356 shares of the company’s stock, valued at approximately $3,010,000.

Other institutional investors also recently added to or reduced their stakes in the company. Investment Counsel Co. of Nevada acquired a new stake in Elemental Royalty during the fourth quarter valued at approximately $90,000. Kestra Advisory Services LLC acquired a new stake in Elemental Royalty during the fourth quarter valued at approximately $133,000. Wells Fargo & Company MN acquired a new stake in Elemental Royalty during the fourth quarter valued at approximately $247,000. LPL Financial LLC acquired a new stake in Elemental Royalty during the fourth quarter valued at approximately $313,000. Finally, Geode Capital Management LLC acquired a new stake in Elemental Royalty during the fourth quarter valued at approximately $325,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ELE shares. Weiss Ratings downgraded Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Zacks Research raised Elemental Royalty to a “hold” rating in a report on Thursday, April 9th. Finally, HC Wainwright initiated coverage on Elemental Royalty in a report on Monday, March 16th. They issued a “buy” rating and a $32.50 target price on the stock. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.50.

Elemental Royalty Stock Up 3.7%

Shares of ELE opened at $15.33 on Friday. The firm has a market cap of $988.03 million and a P/E ratio of 766.50. Elemental Royalty Corp has a one year low of $11.30 and a one year high of $26.96. The stock has a 50 day simple moving average of $17.87.

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

Elemental Royalty Dividend Announcement

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

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.