Elemental Altus and EMX Complete Merger, Forming Elemental Royalty Corporation

Elemental Royalties ( (TSE:ELE) ) has issued an announcement.

Elemental Altus Royalties Corp. and EMX Royalty Corporation have completed their merger, forming Elemental Royalty Corporation. This merger enhances the company’s scale and diversification, positioning it as a leading royalty company with a strong growth profile. The merger also included a significant private placement financing with Tether Investments, raising approximately US$100 million. The leadership team has been restructured, with David Cole as CEO and Frederick Bell as President and COO. The merger is expected to provide shareholders with access to a robust portfolio of revenue-generating assets, while EMX shares will be delisted from exchanges.

The most recent analyst rating on (TSE:ELE) stock is a Hold with a C$21.00 price target. To see the full list of analyst forecasts on Elemental Royalties stock, see the TSE:ELE Stock Forecast page.

Spark’s Take on TSE:ELE Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELE is a Neutral.

Elemental Royalties’ strong earnings call performance and robust liquidity position are the most significant strengths, contributing positively to the overall score. However, the stock’s high valuation and bearish technical indicators weigh down the score. The company’s ongoing profitability challenges also present risks that need addressing.

To see Spark’s full report on TSE:ELE stock, click here.

More about Elemental Royalties

Elemental Altus Royalties Corp. operates in the royalty and streaming industry, focusing on mineral rights and royalties. The company offers a diverse portfolio that provides exposure to commodity price upside and exploration-driven growth, with a particular emphasis on gold-focused, globally diversified assets.

Average Trading Volume: 28,096

Technical Sentiment Signal: Buy

Current Market Cap: C$513.7M

For a thorough assessment of ELE stock, go to TipRanks’ Stock Analysis page.