Elemental Royalty (NASDAQ:ELE) Posts Earnings Results, Misses Estimates By $0.10 EPS

Elemental Royalty (NASDAQ:ELE) announced its quarterly earnings data 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 Stock Performance

Shares of NASDAQ ELE traded down $0.71 during midday trading on Wednesday, reaching $19.42. 179,223 shares of the stock traded hands, compared to its average volume of 324,116. Elemental Royalty has a one year low of $9.50 and a one year high of $26.96. The stock has a 50 day moving average of $19.52.

Elemental Royalty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitlin John LLC bought a new stake in Elemental Royalty in the fourth quarter worth $97,000. Kestra Advisory Services LLC purchased a new stake in Elemental Royalty in the fourth quarter worth $133,000. Papamarkou Wellner Asset Management inc. purchased a new stake in Elemental Royalty in the fourth quarter worth $182,000. Wells Fargo & Company MN purchased a new stake in Elemental Royalty in the fourth quarter worth $247,000. Finally, LPL Financial LLC purchased a new stake in Elemental Royalty in the fourth quarter worth $313,000.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings assumed coverage on Elemental Royalty in a research note on Tuesday, January 27th. They issued a “hold (c)” rating for the company. Zacks Research upgraded Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. Finally, HC Wainwright assumed coverage on Elemental Royalty in a research note on Monday, March 16th. They issued a “buy” rating and a $32.50 price target for the company. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.