K2 Principal Fund L.P. Invests $3.01 Million in Elemental Royalty Corp $ELE

K2 Principal Fund L.P. acquired a new position in Elemental Royalty Corp (NASDAQ:ELE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 177,356 shares of the company’s stock, valued at approximately $3,010,000.

Other institutional investors have also made changes to their positions in the company. Arbiter Partners Capital Management LLC bought a new position in shares of Elemental Royalty in the fourth quarter worth about $459,000. Wells Fargo & Company MN bought a new position in Elemental Royalty during the fourth quarter valued at about $247,000. Geode Capital Management LLC bought a new position in Elemental Royalty during the fourth quarter valued at about $325,000. Marshall Wace LLP bought a new position in Elemental Royalty during the fourth quarter valued at about $5,243,000. Finally, Kestra Advisory Services LLC bought a new position in Elemental Royalty during the fourth quarter valued at about $133,000.

Elemental Royalty Stock Up 3.7%

Shares of ELE opened at $15.33 on Friday. Elemental Royalty Corp has a 12-month low of $11.30 and a 12-month high of $26.96. The company has a market capitalization of $988.03 million and a price-to-earnings ratio of 766.50. The firm’s 50-day moving average price is $17.87.

Elemental Royalty (NASDAQ:ELE) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.10). The company had revenue of $24.32 million during the quarter.

Elemental Royalty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ELE. HC Wainwright began coverage on Elemental Royalty in a research note on Monday, March 16th. They set a “buy” rating and a $32.50 price target on the stock. Weiss Ratings lowered Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. Finally, Zacks Research upgraded Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $32.50.

Elemental Royalty 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.