Elemental Royalty (NASDAQ:ELE) Shares Up 2.7% – Still a Buy?

Elemental Royalty Corp (NASDAQ:ELE) shares rose 2.7% during mid-day trading on Thursday . The company traded as high as $23.12 and last traded at $23.12. Approximately 89,661 shares changed hands during trading, a decline of 72% from the average daily volume of 316,164 shares. The stock had previously closed at $22.51.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Elemental Royalty in a report on Tuesday, January 27th. They set a “hold (c)” rating for the company. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Elemental Royalty Price Performance

Hedge Funds Weigh In On Elemental Royalty

Several institutional investors have recently bought and sold shares of the business. Investment Counsel Co. of Nevada bought a new position in Elemental Royalty in the fourth quarter worth approximately $90,000. Caitlin John LLC purchased a new position in shares of Elemental Royalty in the 4th quarter valued at $97,000. Kestra Advisory Services LLC purchased a new stake in shares of Elemental Royalty during the 4th quarter worth $133,000. Papamarkou Wellner Asset Management inc. bought a new stake in Elemental Royalty during the fourth quarter valued at about $182,000. Finally, Wells Fargo & Company MN purchased a new position in Elemental Royalty in the fourth quarter valued at about $247,000.

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.