Arrowstreet Capital Limited Partnership Has $5.17 Million Position in Elemental Royalty Corp $ELE

Key Points

• Arrowstreet Capital reduced its Elemental Royalty stake by 34.7% in the first quarter, selling 146,027 shares and retaining 274,708 shares worth approximately $5.17 million, or 0.43% of the company.
• Elemental Royalty reported quarterly revenue of $24.32 million and adjusted earnings per share of $0.02, missing analyst expectations of $0.12 per share. The company also declared a quarterly dividend of $0.03, representing a 0.8% annualized yield.
• Analyst sentiment is mixed, with one Buy, one Hold and one Sell rating; the consensus rating is Hold, with an average price target of $32.50, compared with the stock’s opening price of $15.67.

Arrowstreet Capital Limited Partnership cut its stake in shares of Elemental Royalty Corp (NASDAQ:ELE - Free Report) by 34.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274,708 shares of the company's stock after selling 146,027 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.43% of Elemental Royalty worth $5,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Elemental Royalty during the first quarter worth $32,000. Investment Counsel Co. of Nevada acquired a new position in shares of Elemental Royalty during the fourth quarter worth $90,000. Caitlin John LLC bought a new position in shares of Elemental Royalty in the 4th quarter valued at $97,000. Kestra Advisory Services LLC bought a new position in shares of Elemental Royalty in the 4th quarter valued at $133,000. Finally, Papamarkou Wellner Asset Management inc. acquired a new stake in shares of Elemental Royalty during the 4th quarter valued at $182,000.

Elemental Royalty Stock Performance

Shares of NASDAQ ELE opened at $15.67 on Monday. The company has a 50 day simple moving average of $16.10. The firm has a market cap of $1.01 billion and a PE ratio of 783.50. Elemental Royalty Corp has a 52-week low of $12.58 and a 52-week high of $26.96.

Elemental Royalty (NASDAQ:ELE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.10). The firm had revenue of $24.32 million for the quarter.

Elemental Royalty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. Elemental Royalty's payout ratio is 600.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ELE shares. Weiss Ratings lowered Elemental Royalty from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, June 2nd. Zacks Research upgraded Elemental Royalty to a "hold" rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Elemental Royalty currently has a consensus rating of "Hold" and an average price target of $32.50.

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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