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Elemental Royalties ( (TSE:ELE) ) has issued an announcement.
Elemental Altus Royalties Corp. announced a share consolidation to align its share price with the minimum requirements for a US listing, ahead of its planned merger with EMX Royalty Corporation. The consolidation, approved by 99.48% of shareholders, is expected to be effective around September 16, 2025, pending final approval from the TSX Venture Exchange. This move is part of the company’s strategy to enhance its market positioning and facilitate its US listing, potentially impacting its operations and stakeholders positively by broadening its investor base.
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. is an income-generating precious metals royalty company with a focus on acquiring uncapped royalties and streams over producing or near-producing mines operated by established counterparties. The company has a diversified portfolio of 10 producing royalties and assets at various stages of development, aiming to build a global gold royalty company that offers investors superior exposure to gold with reduced risk and a strong growth profile.
Average Trading Volume: 180,275
Technical Sentiment Signal: Hold
Current Market Cap: C$560.1M
For a thorough assessment of ELE stock, go to TipRanks’ Stock Analysis page.