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Elemental Royalties ( (TSE:ELE) ) just unveiled an announcement.
Elemental Altus Royalties Corp. has announced significant changes to its board following a major investment by Tether Investments, which now holds a 37.8% stake and has the option to increase this to 51.8%. This strategic move is part of Tether’s broader strategy to increase exposure to gold, leveraging synergies between real and digital assets. The new appointments to the board, including Executive Chairman Juan Sartori, are expected to drive the company’s next phase of growth, building on a solid financial foundation laid by the outgoing directors.
The most recent analyst rating on (TSE:ELE) stock is a Buy with a C$2.00 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 Outperform.
Elemental Royalties benefits from strong financial performance marked by revenue growth and strategic corporate developments. While technical indicators show positive momentum, high valuation metrics and ongoing profitability challenges necessitate caution. The optimistic outlook from the earnings call and strategic shareholder support enhance the stock’s potential, balancing the risks.
To see Spark’s full report on TSE:ELE stock, click here.
More about Elemental Royalties
Elemental Altus Royalties Corp. operates in the mining industry, focusing on acquiring and managing royalty interests predominantly in gold. The company is known for its disciplined royalty strategy, providing stability and long-term value in the market.
Average Trading Volume: 102,178
Technical Sentiment Signal: Hold
Current Market Cap: C$400.6M
Learn more about ELE stock on TipRanks’ Stock Analysis page.