Elemental Royalty (NASDAQ:ELE) Posts Earnings Results, Misses Estimates By $0.07 EPS

Elemental Royalty (NASDAQ:ELE) posted its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07), Zacks reports. Elemental Royalty had a negative return on equity of 0.12% and a negative net margin of 1.05%.

Elemental Royalty Stock Performance

ELE traded up $0.32 during trading on Tuesday, reaching $19.40. 215,696 shares of the stock traded hands, compared to its average volume of 349,839. The stock has a market cap of $1.25 billion and a PE ratio of 970.00. Elemental Royalty has a fifty-two week low of $12.58 and a fifty-two week high of $26.96. The firm’s 50-day moving average price is $16.13.

Elemental Royalty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. Elemental Royalty’s dividend payout ratio (DPR) is presently 600.00%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Caitlin John LLC purchased a new stake in shares of Elemental Royalty during the 4th quarter worth about $97,000. Kestra Advisory Services LLC acquired a new stake in shares of Elemental Royalty during the 4th quarter valued at about $133,000. Papamarkou Wellner Asset Management inc. bought a new stake in shares of Elemental Royalty in the 4th quarter valued at approximately $182,000. Wells Fargo & Company MN bought a new stake in shares of Elemental Royalty in the 4th quarter valued at approximately $247,000. Finally, LPL Financial LLC acquired a new position in Elemental Royalty in the fourth quarter worth approximately $313,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.50.

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.