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An announcement from Elemental Royalties ( (TSE:ELE) ) is now available.
Elemental Royalty Corporation has granted a package of security-based compensation under its equity incentive plan, issuing 663,339 stock options, 155,133 restricted share units and 14,919 cash-settled deferred share units to officers, directors, employees and consultants. The options are exercisable at C$23.48 for seven years with a one-year vesting period, the RSUs vest in three equal annual tranches over three years, and the DSUs will be redeemable when independent directors leave the board, moves that further align management and board incentives with shareholders as the company pursues growth in its gold-focused royalty and streaming portfolio.
The most recent analyst rating on (TSE:ELE) stock is a Hold with a C$23.50 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 Neutral.
The score is supported by strong financial strength (notably zero debt) and improved TTM profitability, partially offset by thin/volatile free cash flow and a demanding valuation (high P/E with no dividend yield provided). Technicals are moderately positive but not strongly trending.
To see Spark’s full report on TSE:ELE stock, click here.
More about Elemental Royalties
Elemental Royalty Corporation is a mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 16 producing assets and more than 200 royalties, anchored by cornerstone assets operated by major mining partners. Formed through the merger of Elemental Altus and EMX, the company blends a strategy of accretive royalty acquisitions with royalty generation to deliver near-term cash flow and long-term value, and its shares trade on both the TSX Venture Exchange and Nasdaq under the symbol ELE.
Average Trading Volume: 46,608
Technical Sentiment Signal: Hold
Current Market Cap: C$1.56B
See more data about ELE stock on TipRanks’ Stock Analysis page.