Elemental Altus Royalties Achieves Record Financial Results in 2024

Elemental Royalties ( (TSE:ELE) ) has provided an announcement.

Elemental Altus Royalties Corp. reported record financial results for 2024, with significant increases in revenue, operating cash flow, and EBITDA. The company achieved a 39% increase in annual revenue, reaching $16.3 million, and a 53% rise in adjusted EBITDA to $15.1 million. The company also made $33.5 million in accretive royalty acquisitions and repaid $27 million of debt. Looking ahead to 2025, Elemental Altus expects record gold equivalent ounces and adjusted revenue, driven by new royalties and high gold prices, positioning the company for exceptional growth and long-term value for shareholders.

Spark’s Take on TSE:ELE Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELE is a Neutral.

Elemental Royalties shows strengths in revenue growth and operational efficiency, supported by a strong equity position and low leverage. However, challenges with net profitability, negative free cash flow, and high valuation metrics limit the attractiveness. The earnings call and recent corporate events provide positive momentum but are balanced by operational delays and valuation concerns.

To see Spark’s full report on TSE:ELE stock, click here.

More about Elemental Royalties

Elemental Altus Royalties Corp. is a precious metals royalty company with a focus on generating income through a diversified portfolio of 10 producing royalties and various pre-production and discovery stage assets. The company aims to acquire uncapped royalties and streams over producing or near-producing mines operated by established counterparties, with a vision to build a global gold royalty company offering investors superior exposure to gold with reduced risk.

YTD Price Performance: 19.13%

Average Trading Volume: 77,466

Technical Sentiment Signal: Hold

Current Market Cap: C$331.8M

Find detailed analytics on ELE stock on TipRanks’ Stock Analysis page.