Elemental Royalties ( (TSE:ELE) ) just unveiled an announcement.
Elemental Altus Royalties Corp. has received a significant payment of US$9.6 million from its secured creditor claim against Rambler Metals and Mining Canada Limited, related to its former Ming gold stream. This payment forms a major part of the anticipated US$15 million in portfolio payments for 2025, which are additional to the company’s projected royalty revenue of US$30.1 million to US$34.3 million for the year. The successful acquisition by FireFly Metals Ltd of Rambler Group has enabled Elemental Altus to realize a total of US$12.8 million from the Ming stream, enhancing the company’s financial health and positioning it strongly in the market.
Spark’s Take on TSE:ELE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ELE is a Outperform.
Elemental Royalties demonstrates strong revenue growth and financial stability, bolstered by strategic acquisitions and a strong equity position. However, profitability challenges and high valuation metrics present significant risks. Positive earnings call insights and corporate events support a favorable outlook, yet caution is warranted due to 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 focused on generating income through a diversified portfolio of producing royalties and pre-production 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 and a strong growth profile.
YTD Price Performance: 28.70%
Average Trading Volume: 78,435
Technical Sentiment Signal: Hold
Current Market Cap: C$363.7M
See more insights into ELE stock on TipRanks’ Stock Analysis page.