Elemental Royalty Corporation's latest earnings report reveals a significant earnings miss, raising questions about its valuation and market position.
Elemental Royalty Corporation (ELE.TO) reported its earnings for the second quarter of 2026 on August 11, revealing an earnings per share (EPS) of $0.08, falling short of analyst expectations of $0.14. This 42.9% miss continues a trend of disappointing earnings results for the company, which has yet to meet earnings estimates in any of the last four quarters.
Recent earnings trend
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Elemental Royalty Corporation
ELE.TO
ELE.TO
Elemental Royalty Corporation
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Market cap
$1.74B
Div. yield
0.11%
Div. / share
$0.03
52W high
$34.17
52W low
$17.69
1W change
+14.37%
Beta
0.47
Analyst Price Targets
Based on analyst covering ELE
Wall Street analysts forecast ELE stock price to rise 15.9% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$33.13
+15.9% Upside
Current Price
C$28.58
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ELE's historical volatility
30-Day Vol
69.0%
Annualized
90-Day Vol
69.5%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$34.17
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$30.33 | C$23.90 – C$38.49 |
| 60 trading days | C$32.19 | C$22.99 – C$45.09 |
| 90 trading days | C$34.17 | C$22.62 – C$51.62 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-12 | — | 0.0900 | — |
| 2026-06-30 | 2026-08-11 | 0.0800 | 0.1400 | -42.9% |
| 2026-03-31 | 2026-05-14 | 0.0382 | 0.1513 | -74.8% |
| 2025-12-31 | 2026-03-24 | 0.0600 | 0.1300 | -53.8% |
| 2025-09-30 | 2025-11-12 | 0.0800 | 0.2800 | -71.4% |
| 2025-06-30 | 2025-08-18 | 0.0200 | 0.2300 | -91.3% |
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Investor takeaway: The substantial earnings miss raises concerns about Elemental Royalty's profitability and growth potential. Investors should carefully consider the company's reliance on its cornerstone asset and the implications of its high price-to-sales ratio before making investment decisions.
EPS Misses Estimates by 42.9%
Elemental Royalty's EPS of $0.08 is significantly lower than the expected $0.14, continuing a pattern of underperformance with a historical beat count of zero in the last four quarters.
Bull case
Despite the earnings miss, Elemental Royalty's share price has shown resilience, recently gaining 14.37% over the past week. The company’s cornerstone asset, the Karlawinda Gold Project, has also seen a significant increase in mineral reserves, which could support future revenue growth.
Bear case
The company's ongoing struggle to meet earnings estimates, combined with a high price-to-sales ratio of 21.9x, raises concerns about its valuation. Additionally, Elemental's reliance on a single asset could expose it to greater risks in a volatile market.
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