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An announcement from Elemental Royalties ( (TSE:ELE) ) is now available.
Elemental Altus Royalties Corp. has opened an institutional account to access Tether Gold (XAUt), a regulated, gold-backed digital asset, as part of its strategy to diversify its treasury and increase exposure to gold prices. This move aligns with the company’s approach to capital preservation and liquidity, offering a low-risk, inflation-hedging option for surplus capital, and enhances its positioning in the digital gold market.
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. is an income-generating precious metals royalty company with a portfolio that includes 10 producing royalties and various pre-production and discovery stage assets. The company focuses on acquiring uncapped royalties and streams over producing or near-producing mines operated by established counterparties, aiming to build a global gold royalty company with reduced risk and strong growth potential.
Average Trading Volume: 149,858
Technical Sentiment Signal: Hold
Current Market Cap: C$501.4M
See more insights into ELE stock on TipRanks’ Stock Analysis page.