83,403 Shares in Elemental Royalty Corp $ELE Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 83,403 shares of Elemental Royalty worth approximately $1.46 million, representing about 0.13% of the company. Several smaller investment firms also recently initiated positions.
• Analyst sentiment is mixed but leans neutral: HC Wainwright maintained a Buy rating and raised its price target to $33, while the broader consensus is Hold with a $33 target.
• Elemental Royalty reported quarterly EPS of $0.06, missing the $0.13 consensus estimate, on revenue of $23.79 million. The company pays a $0.03 quarterly dividend, equivalent to a 0.6% yield, though its 150% payout ratio exceeds earnings.

Bank of New York Mellon Corp purchased a new stake in Elemental Royalty Corp (NASDAQ:ELE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 83,403 shares of the company's stock, valued at approximately $1,456,000. Bank of New York Mellon Corp owned approximately 0.13% of Elemental Royalty as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Elemental Royalty in the 1st quarter valued at $32,000. Investment Counsel Co. of Nevada purchased a new stake in Elemental Royalty in the fourth quarter valued at $90,000. Caitlin John LLC purchased a new stake in Elemental Royalty in the fourth quarter valued at $97,000. Kestra Advisory Services LLC acquired a new position in Elemental Royalty in the fourth quarter valued at $133,000. Finally, Papamarkou Wellner Asset Management inc. acquired a new position in Elemental Royalty in the fourth quarter valued at $182,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings upgraded Elemental Royalty from a "sell (d+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. HC Wainwright upped their target price on Elemental Royalty from $32.50 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $33.00.

Elemental Royalty Price Performance

ELE stock opened at $21.15 on Thursday. The company has a market cap of $1.36 billion and a price-to-earnings ratio of 264.38. The company has a fifty day moving average price of $18.48 and a 200 day moving average price of $18.57. Elemental Royalty Corp has a 12 month low of $12.58 and a 12 month high of $26.96.

Elemental Royalty (NASDAQ:ELE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). Elemental Royalty had a net margin of 4.01% and a return on equity of 0.53%. The business had revenue of $23.79 million during the quarter. As a group, analysts anticipate that Elemental Royalty Corp will post 0.23 earnings per share for the current year.

Elemental Royalty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.12 annualized dividend and a yield of 0.6%. Elemental Royalty's dividend payout ratio is currently 150.00%.

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.

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