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An update from Elemental Royalties ( (TSE:ELE) ) is now available.
Elemental Altus Royalties Corp. has expanded its royalty portfolio by acquiring a 2% Gross Revenue Royalty over Genesis Minerals’ Focus Laverton Project and a 2% Net Smelter Return Royalty on Pasofino Gold’s Dugbe Project. These acquisitions are expected to enhance the company’s near-term cash flow and reinforce its long-term growth strategy, positioning it as a significant player in the gold royalty sector.
The most recent analyst rating on (TSE:ELE) stock is a Buy with a C$2.50 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 mining industry, focusing on acquiring and managing royalty interests in gold projects. The company aims to secure cornerstone and growth-stage gold royalties in quality jurisdictions, enhancing its cash flow and long-term pipeline.
Average Trading Volume: 148,695
Technical Sentiment Signal: Hold
Current Market Cap: C$498.9M
Learn more about ELE stock on TipRanks’ Stock Analysis page.