Elevra Lithium (NASDAQ:ELVR) Upgraded by Wall Street Zen to Hold Rating

Elevra Lithium (NASDAQ:ELVR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also recently commented on ELVR. BMO Capital Markets assumed coverage on Elevra Lithium in a research report on Thursday, January 29th. They set an “outperform” rating on the stock. Weiss Ratings assumed coverage on shares of Elevra Lithium in a report on Friday, January 23rd. They set a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Elevra Lithium Stock Up 2.3%

NASDAQ ELVR opened at $59.43 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.38 and a quick ratio of 0.98. Elevra Lithium has a 52-week low of $15.55 and a 52-week high of $69.99.

Elevra Lithium (NASDAQ:ELVR) last released its earnings results on Thursday, February 26th. The company reported $387.15 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ELVR. Eagle Global Advisors LLC purchased a new stake in shares of Elevra Lithium in the fourth quarter worth about $202,000. Hamilton Capital Partners LLC purchased a new position in Elevra Lithium during the fourth quarter valued at approximately $263,000. LPL Financial LLC bought a new stake in Elevra Lithium during the 4th quarter worth approximately $309,000. Quadrature Capital Ltd purchased a new stake in Elevra Lithium in the 4th quarter worth approximately $536,000. Finally, Jane Street Group LLC boosted its holdings in Elevra Lithium by 19.2% in the 4th quarter. Jane Street Group LLC now owns 27,563 shares of the company’s stock valued at $1,449,000 after purchasing an additional 4,433 shares during the period.

Elevra Lithium Company Profile

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.