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

Elemental Royalty (NASDAQ:ELE) posted its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07), Zacks reports. Elemental Royalty had a net margin of 4.01% and a return on equity of 0.57%. The company had revenue of $23.79 million during the quarter.

Elemental Royalty Price Performance

NASDAQ ELE traded up $0.15 on Thursday, hitting $20.64. 94,478 shares of the stock traded hands, compared to its average volume of 348,669. The stock has a market capitalization of $1.33 billion and a P/E ratio of 1,032.70. The company has a 50-day moving average price of $16.23. Elemental Royalty has a twelve month low of $12.58 and a twelve month high of $26.96.

Elemental Royalty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given 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 payout ratio is presently 600.00%.

Institutional Investors Weigh In On Elemental Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELE. Condire Management LP acquired a new position in Elemental Royalty during the 4th quarter worth $11,646,000. Medici Capital LLC bought a new stake in shares of Elemental Royalty during the 4th quarter worth approximately $14,890,000. Marshall Wace LLP acquired a new position in shares of Elemental Royalty in the fourth quarter valued at $5,243,000. Global Strategic Management Inc. bought a new position in Elemental Royalty in the 4th quarter valued at about $4,740,000. Finally, Jane Street Group LLC acquired a new position in shares of Elemental Royalty in the fourth quarter valued at approximately $1,527,000.

Analyst Ratings Changes

ELE has been the subject of several research analyst reports. Weiss Ratings lowered Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. HC Wainwright lifted their price objective on Elemental Royalty from $32.50 to $33.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.00.

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.