Elemental Royalty (NASDAQ:ELE) Upgraded at Zacks Research

Zacks Research upgraded shares of Elemental Royalty (NASDAQ:ELE) to a hold rating in a report released on Thursday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. HC Wainwright began coverage on shares of Elemental Royalty in a research note on Monday, March 16th. They issued a “buy” rating and a $32.50 price objective for the company. Weiss Ratings began coverage on shares of Elemental Royalty in a research note on Tuesday, January 27th. They issued a “hold (c)” rating for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.50.

Elemental Royalty Stock Up 2.2%

Shares of Elemental Royalty stock opened at $20.11 on Thursday. Elemental Royalty has a twelve month low of $9.50 and a twelve month high of $26.96. The business has a 50-day simple moving average of $20.60.

Elemental Royalty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st.

Hedge Funds Weigh In On Elemental Royalty

Hedge funds have recently bought and sold shares of the company. Investment Counsel Co. of Nevada bought a new position in Elemental Royalty in the 4th quarter valued at about $90,000. Caitlin John LLC bought a new position in Elemental Royalty in the 4th quarter valued at about $97,000. Kestra Advisory Services LLC bought a new position in Elemental Royalty in the 4th quarter valued at about $133,000. Papamarkou Wellner Asset Management inc. bought a new position in Elemental Royalty in the 4th quarter valued at about $182,000. Finally, Wells Fargo & Company MN bought a new position in Elemental Royalty in the 4th quarter valued at about $247,000.

About Elemental Royalty

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.