HC Wainwright Predicts Lower Earnings for Elemental Royalty

Elemental Royalty Corp (NASDAQ:ELE) – HC Wainwright decreased their FY2026 earnings per share (EPS) estimates for Elemental Royalty in a research note issued to investors on Thursday, November 12th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.21 for the year, down from their prior forecast of $0.24. HC Wainwright has a “Buy” rating and a $30.25 price objective on the stock. The consensus estimate for Elemental Royalty’s current full-year earnings is $0.25 per share.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Elemental Royalty in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Elemental Royalty has a consensus rating of “Hold” and an average target price of $30.25.

Elemental Royalty Stock Performance

ELE stock opened at $14.38 on Friday. The stock has a fifty day moving average of $18.01 and a 200-day moving average of $18.56. Elemental Royalty has a fifty-two week low of $12.58 and a fifty-two week high of $26.96. The company has a current ratio of 3.55, a quick ratio of 5.48 and a debt-to-equity ratio of 0.03.

Elemental Royalty (NASDAQ:ELE) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Elemental Royalty had a net margin of 6.15% and a return on equity of 0.83%. The firm had revenue of $20.81 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC purchased a new position in Elemental Royalty in the 1st quarter valued at approximately $32,000. TD Waterhouse Canada Inc. lifted its position in shares of Elemental Royalty by 56.3% during the third quarter. TD Waterhouse Canada Inc. now owns 2,146 shares of the company’s stock worth $39,000 after acquiring an additional 773 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Elemental Royalty during the third quarter worth $52,000. Regal Partners Ltd purchased a new stake in shares of Elemental Royalty during the first quarter worth $203,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Elemental Royalty during the third quarter worth $203,000.

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 paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 30th. Elemental Royalty’s dividend payout ratio is presently 150.00%.

Elemental Royalty Company Profile

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.