Elevra Lithium (NASDAQ:ELVR) Hits New 52-Week High - Still a Buy?

Key Points

• 52-week high: Elevra Lithium (NASDAQ:ELVR) hit a new 52-week high, trading as high as $74.00 and last at $74.10 on a volume of 54,001 shares.
• Analyst views are mixed—BMO began coverage with an "outperform," Wall Street Zen moved to "hold," Weiss Ratings initiated at "sell (d-)," and MarketBeat shows a consensus rating of "Hold."
• Insider selling: COO Sylvain Collard sold 41,561 shares at an average price of $5.77, a transaction that reduced his ownership by 49.41% (filed on an SEC Form 4).

Elevra Lithium Limited - Sponsored ADR (NASDAQ:ELVR - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as $74.00 and last traded at $74.10, with a volume of 54001 shares traded. The stock had previously closed at $67.44.

Analysts Set New Price Targets

ELVR has been the subject of several recent analyst reports. BMO Capital Markets assumed coverage on shares of Elevra Lithium in a research note on Thursday, January 29th. They issued an "outperform" rating for the company. Wall Street Zen upgraded Elevra Lithium from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, Weiss Ratings initiated coverage on Elevra Lithium in a research note on Friday, January 23rd. They set a "sell (d-)" rating for the company. One 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.com, Elevra Lithium currently has a consensus rating of "Hold".

Elevra Lithium Stock Up 10.1%

The stock's fifty day moving average price is $54.90. The company has a current ratio of 1.67, a quick ratio of 1.21 and a debt-to-equity ratio of 0.02.

Elevra Lithium (NASDAQ:ELVR - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $387.15 earnings per share for the quarter. The firm had revenue of $43.12 million for the quarter.

Insider Activity

In related news, COO Sylvain Collard sold 41,561 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $5.77, for a total value of $239,806.97. Following the transaction, the chief operating officer owned 42,562 shares in the company, valued at approximately $245,582.74. This trade represents a 49.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Elevra Lithium

Several hedge funds have recently bought and sold shares of ELVR. Eagle Global Advisors LLC bought a new position in Elevra Lithium in the fourth quarter valued at approximately $202,000. Hamilton Capital Partners LLC bought a new position in shares of Elevra Lithium in the 4th quarter valued at $263,000. LPL Financial LLC acquired a new position in shares of Elevra Lithium during the 4th quarter worth $309,000. Quadrature Capital Ltd bought a new stake in shares of Elevra Lithium during the 4th quarter worth $536,000. Finally, Jane Street Group LLC grew its position in Elevra Lithium by 19.2% in the fourth quarter. Jane Street Group LLC now owns 27,563 shares of the company's stock valued at $1,449,000 after acquiring an additional 4,433 shares during the last quarter.

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.

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