50,800 Elemental Royalty Corp $ELE Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its stake in Elemental Royalty Corp (NASDAQ:ELE) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,147,776 shares of the company’s stock after purchasing an additional 50,800 shares during the period. Elemental Royalty comprises about 1.6% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 17th biggest position. Euro Pacific Asset Management LLC’s holdings in Elemental Royalty were worth $23,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Elemental Royalty during the first quarter valued at about $32,000. TD Waterhouse Canada Inc. lifted its stake in shares of Elemental Royalty by 56.3% in the third quarter. TD Waterhouse Canada Inc. now owns 2,146 shares of the company’s stock valued at $39,000 after buying an additional 773 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Elemental Royalty in the third quarter valued at about $52,000. Regal Partners Ltd acquired a new stake in Elemental Royalty during the first quarter worth about $203,000. Finally, Kestra Advisory Services LLC acquired a new stake in Elemental Royalty during the third quarter worth about $203,000.

Elemental Royalty Price Performance

Shares of Elemental Royalty stock opened at $15.94 on Monday. The firm has a market capitalization of $1.22 billion and a PE ratio of 199.25. The company’s fifty day moving average price is $18.48 and its two-hundred day moving average price is $18.63. Elemental Royalty Corp has a 52-week low of $12.58 and a 52-week high of $26.96.

Elemental Royalty (NASDAQ:ELE) last released 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). The business had revenue of $23.79 million for the quarter. Elemental Royalty had a return on equity of 0.53% and a net margin of 4.01%. Analysts predict that Elemental Royalty Corp will post 0.25 earnings per share for the current fiscal year.

Elemental Royalty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Elemental Royalty’s dividend payout ratio is 150.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ELE shares. HC Wainwright lowered their price target on Elemental Royalty from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Weiss Ratings upgraded Elemental Royalty from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Elemental Royalty Profile

Elemental Royalty is a precious-metals royalty company that provides capital to mining companies in exchange for the right to receive a portion of future revenue or metal production from mining projects. Its business model allows it to participate in mine economics without directly operating mines or bearing the full costs of exploration, construction and production.

The company’s portfolio is focused primarily on gold and other precious metals, with royalty interests spanning projects in regions including North America, South America, Africa and Australia.