Elemental Altus Sees Growth with Karlawinda Expansion Approval

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

Elemental Altus Royalties Corp. has announced that Capricorn Metals Limited has received regulatory approval for the expansion of the Karlawinda Project in Western Australia, which is expected to increase annual gold production by 25% to 150,000 ounces. This expansion, set to be completed in 2026, will enhance Elemental Altus’s cornerstone Karlawinda royalty without any cost to the company, positioning it favorably in the industry and benefiting stakeholders with increased production and value.

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 has a robust growth outlook supported by solid financial performance and strategic corporate events. While technical indicators show bullish momentum, high valuation metrics suggest caution is needed. The company’s earnings call and recent board changes point to a positive trajectory, but profitability challenges and high P/E ratio 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 aims to build a global gold royalty company, providing investors with superior exposure to gold with reduced risk and a strong growth profile.

Average Trading Volume: 150,645

Technical Sentiment Signal: Hold

Current Market Cap: C$494M

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