Elemental Royalty (NASDAQ:ELE) Price Target Raised to $33.00

Elemental Royalty (NASDAQ:ELE) had its price objective upped by HC Wainwright from $32.50 to $33.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Elemental Royalty’s FY2026 earnings at $0.24 EPS.

Separately, Weiss Ratings lowered 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 and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

Elemental Royalty Trading Up 2.7%

Shares of ELE stock opened at $21.06 on Wednesday. The firm has a market capitalization of $1.35 billion and a PE ratio of 1,053.00. The firm has a fifty day simple moving average of $16.42 and a two-hundred day simple moving average of $18.45. Elemental Royalty has a 12 month low of $12.58 and a 12 month high of $26.96.

Elemental Royalty (NASDAQ:ELE) last posted its earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The business had revenue of $23.79 million during the quarter. Elemental Royalty had a return on equity of 0.53% and a net margin of 4.01%. On average, equities analysts predict that Elemental Royalty will post 0.31 earnings per share for the current fiscal year.

Elemental Royalty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. Elemental Royalty’s dividend payout ratio is presently 600.00%.

Institutional Trading of Elemental Royalty

Hedge funds have recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new position in shares of Elemental Royalty in the 1st quarter worth about $32,000. Investment Counsel Co. of Nevada purchased a new stake in Elemental Royalty during the 4th quarter valued at about $90,000. Caitlin John LLC bought a new stake in Elemental Royalty during the 4th quarter valued at about $97,000. Kestra Advisory Services LLC bought a new stake in Elemental Royalty during the 4th quarter valued at about $133,000. Finally, Papamarkou Wellner Asset Management inc. purchased a new position in Elemental Royalty in the fourth quarter worth about $182,000.

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.