Elemental Royalty (NASDAQ:ELE) Now Covered by HC Wainwright

HC Wainwright initiated coverage on shares of Elemental Royalty (NASDAQ:ELE) in a research report released on Monday morning, MarketBeat reports. The firm issued a buy rating and a $32.50 price objective on the stock.

Separately, Weiss Ratings began coverage on Elemental Royalty in a research report on Tuesday, January 27th. They set a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Elemental Royalty currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Elemental Royalty Trading Up 1.4%

ELE stock opened at $22.67 on Monday. Elemental Royalty has a 52-week low of $8.39 and a 52-week high of $26.96.

Institutional Trading of Elemental Royalty

Institutional investors have recently added to or reduced their stakes in the business. Sprott Inc. bought a new stake in shares of Elemental Royalty in the 4th quarter worth $31,830,000. Medici Capital LLC bought a new position in shares of Elemental Royalty during the fourth quarter valued at $14,890,000. Condire Management LP purchased a new stake in shares of Elemental Royalty during the fourth quarter valued at $11,646,000. Marshall Wace LLP purchased a new stake in shares of Elemental Royalty during the fourth quarter valued at $5,243,000. Finally, Global Strategic Management Inc. bought a new stake in Elemental Royalty in the 4th quarter worth about $4,740,000.

Elemental Royalty Company 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.