Louisbourg Investments Inc. Purchases Shares of 117,375 Elemental Royalty Corp $ELE

Louisbourg Investments Inc. acquired a new position in shares of Elemental Royalty Corp (NASDAQ:ELE) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 117,375 shares of the company’s stock, valued at approximately $2,205,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ELE. Alpine Global Management LLC acquired a new stake in Elemental Royalty during the 4th quarter worth approximately $1,181,000. K2 Principal Fund L.P. acquired a new position in Elemental Royalty in the 4th quarter valued at $3,010,000. Investment Counsel Co. of Nevada acquired a new position in Elemental Royalty in the 4th quarter valued at $90,000. Condire Management LP bought a new position in Elemental Royalty during the 4th quarter worth $11,646,000. Finally, Marshall Wace LLP bought a new position in Elemental Royalty during the 4th quarter worth $5,243,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ELE shares. HC Wainwright initiated coverage on shares of Elemental Royalty in a research report on Monday, March 16th. They issued a “buy” rating and a $32.50 target price for the company. Weiss Ratings lowered shares of Elemental Royalty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of Elemental Royalty to a “hold” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.50.

Elemental Royalty Price Performance

Shares of Elemental Royalty stock opened at $16.32 on Friday. Elemental Royalty Corp has a 12-month low of $12.58 and a 12-month high of $26.96. The firm has a market capitalization of $1.05 billion and a P/E ratio of 816.00. The business’s 50-day moving average price is $17.16.

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

Elemental Royalty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Elemental Royalty’s payout ratio is currently 600.00%.

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.