Elemental Royalty (NASDAQ:ELE) Announces Quarterly Earnings Results

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

Elemental Royalty Stock Up 1.7%

NASDAQ ELE opened at $19.40 on Wednesday. The business has a fifty day moving average price of $16.16. The stock has a market capitalization of $1.25 billion and a price-to-earnings ratio of 970.00. Elemental Royalty has a 12-month low of $12.58 and a 12-month high of $26.96.

Elemental Royalty Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.50.

Institutional Inflows and Outflows

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

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.