Elemental Royalty (NASDAQ:ELE – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04), Zacks reports. Elemental Royalty had a net margin of 6.15% and a return on equity of 0.73%. The firm had revenue of $20.81 million during the quarter.
Elemental Royalty Price Performance
Shares of Elemental Royalty stock opened at $14.08 on Thursday. The business has a fifty day simple moving average of $18.15 and a two-hundred day simple moving average of $18.59. Elemental Royalty has a 1 year low of $12.58 and a 1 year high of $26.96. The company has a market capitalization of $1.08 billion and a price-to-earnings ratio of 176.00.
Elemental Royalty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, September 30th. Elemental Royalty’s dividend payout ratio is 150.00%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ELE. HC Wainwright dropped their target price on shares of Elemental Royalty from $31.00 to $30.25 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Elemental Royalty in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Elemental Royalty has an average rating of “Hold” and an average price target of $30.25.
Get Our Latest Stock Report on ELE
About Elemental Royalty
Elemental Royalty Corporation is a precious-metals royalty company. It provides financing to mining companies in exchange for rights to a portion of future mineral production or revenue, allowing it to participate in mine output without directly operating the mines. The company’s portfolio includes royalties and other interests in producing mines and projects under development. Its assets span multiple regions, including Australia, Africa, and the Americas. The business traces its roots to the 2022 merger of Elemental Royalties and Altus Strategies.
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