HC Wainwright Forecasts Lower Earnings for Elemental Royalty

Key Points

• HC Wainwright cut its FY2026 EPS forecast for Elemental Royalty to $0.21 from $0.24, below the $0.25 consensus estimate, while maintaining a Buy rating and $30.25 price target.
• Elemental Royalty reported quarterly EPS of $0.06, missing the $0.10 consensus estimate; revenue was $20.81 million.
• Analyst sentiment overall remains Hold, with a $30.25 consensus price target. The company’s annualized dividend is $0.12 per share, a 0.8% yield.

Elemental Royalty Corp (NASDAQ:ELE - Free Report) - HC Wainwright decreased their FY2026 earnings estimates for Elemental Royalty in a report issued on Thursday, November 12th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of $0.21 for the year, down from their prior forecast of $0.24. HC Wainwright currently has a "Buy" rating and a $30.25 price target on the stock. The consensus estimate for Elemental Royalty's current full-year earnings is $0.25 per share.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Elemental Royalty in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Elemental Royalty presently has a consensus rating of "Hold" and a consensus price target of $30.25.

Elemental Royalty Stock Performance

NASDAQ:ELE opened at $14.38 on Friday. Elemental Royalty has a 52 week low of $12.58 and a 52 week high of $26.96. The firm has a 50-day moving average price of $18.01 and a two-hundred day moving average price of $18.56. The company has a current ratio of 3.55, a quick ratio of 5.48 and a debt-to-equity ratio of 0.03.

Elemental Royalty (NASDAQ:ELE - Get Free Report) last released its quarterly earnings results on Tuesday, November 10th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). Elemental Royalty had a return on equity of 0.83% and a net margin of 6.15%. The firm had revenue of $20.81 million for the quarter.

Elemental Royalty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 30th. Elemental Royalty's payout ratio is presently 150.00%.

Hedge Funds Weigh In On Elemental Royalty

A number of hedge funds and other institutional investors have recently made changes to their positions in ELE. Amundi purchased a new stake in Elemental Royalty during the first quarter worth about $12,813,000. U S Global Investors Inc. purchased a new position in Elemental Royalty in the third quarter valued at about $9,030,000. Montrusco Bolton Investments Inc. purchased a new position in Elemental Royalty in the third quarter valued at about $8,610,000. Arbiter Partners Capital Management LLC grew its position in shares of Elemental Royalty by 522.6% during the 1st quarter. Arbiter Partners Capital Management LLC now owns 168,317 shares of the company's stock valued at $3,171,000 after acquiring an additional 141,284 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Elemental Royalty during the 2nd quarter valued at approximately $1,456,000.

About Elemental Royalty

Elemental Royalty Corporation is a precious-metals royalty company. It provides financing to mining companies in exchange for rights to a portion of future mineral production or revenue, allowing it to participate in mine output without directly operating the mines. The company's portfolio includes royalties and other interests in producing mines and projects under development. Its assets span multiple regions, including Australia, Africa, and the Americas. The business traces its roots to the 2022 merger of Elemental Royalties and Altus Strategies.

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