Elemental Royalty (NASDAQ:ELE) Research Coverage Started at HC Wainwright

HC Wainwright assumed coverage on shares of Elemental Royalty (NASDAQ:ELE) in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $32.50 price objective on the stock.

Separately, Weiss Ratings began coverage on Elemental Royalty in a report on Tuesday, January 27th. They issued a “hold (c)” rating for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Elemental Royalty Price Performance

NASDAQ:ELE opened at $20.08 on Monday. Elemental Royalty has a 52-week low of $8.40 and a 52-week high of $26.96.

Institutional Trading of Elemental Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELE. Investment Counsel Co. of Nevada acquired a new stake in Elemental Royalty during the 4th quarter worth approximately $90,000. Caitlin John LLC acquired a new position in shares of Elemental Royalty in the fourth quarter valued at approximately $97,000. Kestra Advisory Services LLC purchased a new stake in shares of Elemental Royalty during the fourth quarter worth approximately $133,000. Papamarkou Wellner Asset Management inc. purchased a new stake in shares of Elemental Royalty during the fourth quarter worth approximately $182,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Elemental Royalty during the fourth quarter worth $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.