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An update from Elemental Royalties ( (TSE:ELE) ) is now available.
Elemental Altus Royalties Corp. and EMX Royalty Corporation have announced a merger to form Elemental Royalty Corp., a new mid-tier gold-focused royalty company. The merger is expected to enhance the company’s market position with a projected revenue of approximately US$80 million in 2026, supported by a diversified portfolio of 16 producing royalties. The merger aims to capitalize on recent industry consolidation, improve trading liquidity, and leverage complementary management expertise for future growth.
The most recent analyst rating on (TSE:ELE) stock is a Buy with a C$2.65 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 Outperform.
Elemental Royalties’ strong financial performance and positive earnings call sentiment are the most significant factors driving the score. Technical indicators support a positive outlook, though valuation concerns due to a high P/E ratio and lack of dividend yield temper the overall score.
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 gold and other precious metals. The company is engaged in acquiring and managing royalties, with a market focus on generating revenue through diversified royalty portfolios.
Average Trading Volume: 152,911
Technical Sentiment Signal: Hold
Current Market Cap: C$511.2M
Find detailed analytics on ELE stock on TipRanks’ Stock Analysis page.