Elemental Royalty Corp (ELE) to Distribute Quarterly Dividend of $0.03 on October 15th

Elemental Royalty Corp (NASDAQ:ELE) declared a quarterly dividend on Thursday, September 17th. Investors of record on Wednesday, September 30th will be given a dividend of 0.03 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, September 30th.

Elemental Royalty Trading Down 1.2%

Shares of NASDAQ ELE opened at $21.30 on Friday. The company has a 50-day moving average of $19.13 and a two-hundred day moving average of $18.51. Elemental Royalty has a 1-year low of $12.58 and a 1-year high of $26.96. The company has a market cap of $1.37 billion and a PE ratio of 266.25.

Elemental Royalty (NASDAQ:ELE) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). Elemental Royalty had a net margin of 4.01% and a return on equity of 0.53%. The firm had revenue of $23.79 million during the quarter. As a group, equities research analysts forecast that Elemental Royalty will post 0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi bought a new position in shares of Elemental Royalty during the 1st quarter valued at about $12,813,000. Arbiter Partners Capital Management LLC increased its position in shares of Elemental Royalty by 522.6% during the first quarter. Arbiter Partners Capital Management LLC now owns 168,317 shares of the company’s stock worth $3,171,000 after acquiring an additional 141,284 shares in the last quarter. K2 Principal Fund L.P. bought a new stake in shares of Elemental Royalty during the fourth quarter worth $3,010,000. Louisbourg Investments Inc. acquired a new stake in shares of Elemental Royalty during the first quarter worth $2,205,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Elemental Royalty during the second quarter worth $1,456,000.

Elemental Royalty Company Profile

Elemental Royalty is a precious-metals royalty company that acquires and manages royalty, stream and other interests in mining projects. Rather than operating mines directly, the company provides capital or acquires existing interests in exchange for the right to receive a portion of future production or revenue, generally with limited exposure to the mine’s operating and capital costs.

The company’s portfolio is focused primarily on gold, with additional exposure to silver, copper and other metals through a range of producing, development-stage and exploration assets.