Elemental Altus Royalties Reports 128% Revenue Growth in FY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2026
0mins
Should l Buy ELE?
Source: seekingalpha
- Significant Revenue Growth: Elemental Altus Royalties reported FY revenue of $49.2 million, marking a 128% increase over the previous year and surpassing the updated 2025 guidance of $42 million, indicating strong performance and rising market demand in the mining sector.
- Gold Equivalent Ounces Production: The company anticipates producing 14,285 GEOs in 2025, a substantial increase from 8,987 GEOs in 2024, driven by contributions from Karlawinda, Bonikro, Korali Sud, and Caserones, alongside the completion of the merger with EMX Royalty Corporation.
- Strong Cash Flow Performance: Adjusted EBITDA reached $34.9 million, up 131% year-over-year, demonstrating robust cash flow conversion, while adjusted operating cash flow soared to $33.9 million, a 288% increase, providing ample financial resources for future investments.
- 2026 Outlook: Revenue guidance for 2026 is set between $76.5 million and $94.5 million, based on a gold price of $4,500/oz and a copper price of $5.50/lb, with GEO guidance of 17,000 to 21,000, reflecting the company's optimistic outlook for future market conditions.
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Analyst Views on ELE
Wall Street analysts forecast ELE stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.130
Low
23.77
Averages
23.77
High
23.77
Current: 20.130
Low
23.77
Averages
23.77
High
23.77
About ELE
Elemental Royalty Corp, formerly Elemental Altus Royalties Corp, is a new 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 and operated by mining partners. Its royalties include Karlawinda Gold Project, Ballarat Gold Mine, Wahgnion Gold Mine - Burkina Faso; Bonikro Gold Mine - Cote d’Ivoire; Mercedes Gold-Silver Mine - Mexico; Amancaya Gold-Silver Mine - Chile; Mount Pleasant Copper Project - Canada, and Casual royalty interests in Mauritania and Bolivia. Karlawinda Gold Project is a large-scale open pit mine located in the Pilbara region of Western Australia. The mine is 70 kilometers (km) by road south-east of the town of Newman. Ballarat is an underground gold mine located 115 km northwest of Melbourne in Ballarat, Victoria, Australia. Wahgnion mine is located 510 km southwest of the capital city Ouagadougou, within the Paleoproterozoic Birimian Senoufo Belt.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement Schedule: Elemental Altus Royalties (ELE) is set to release its Q1 2023 earnings report on May 13 after market close, with consensus EPS estimate at $0.11 and revenue forecasted at $22.12 million, indicating market interest in the company's financial performance.
- Earnings Forecast Analysis: Over the past three months, EPS estimates have seen no upward revisions and one downward revision, reflecting analysts' cautious outlook on the company's future profitability, which may impact investor confidence and stock price volatility.
- Historical Performance Review: Historical earnings data for Elemental Royalty Corporation provides investors with crucial context to assess the company's performance in the gold royalty sector and its future growth potential.
- Market Reaction Expectations: As the earnings report approaches, market reactions to Elemental Altus will depend on the actual results versus expectations, with any significant financial outcomes likely to have a direct impact on the stock price.
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- Significant Revenue Growth: Elemental Altus achieved record quarterly revenue of $24.3 million in Q1 2026, representing an 83% increase over the previous year, primarily driven by contributions from Caserones, indicating strong performance and rising market demand in the mining sector.
- Increased Gold Equivalent Production: The company produced 4,983 gold equivalent ounces in Q1 2026, up from 4,606 ounces in Q1 2025, reflecting improved production efficiency from Karlawinda, Bonikro, Timok, and Caserones mines.
- Record Adjusted EBITDA: Adjusted EBITDA reached $17.7 million in Q1 2026, a 55% increase year-over-year, demonstrating significant improvements in operating leverage and portfolio performance, thereby enhancing profitability.
- Strong Cash Flow: As of March 31, 2026, Elemental Altus reported cash and cash equivalents of $69.1 million and working capital of $92.5 million, showcasing the company's financial flexibility and stability for future growth.
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- Annual Financial Reports Approved: Endesa's shareholders' meeting approved the individual and consolidated financial statements for the year ended December 31, 2025, demonstrating strong performance in financial transparency and compliance, which enhances investor confidence.
- Dividend Plan Established: The meeting decided to distribute a dividend of €1.584 per share from the €1,665,809,453.62 profit for 2025, expected to be paid on July 10, 2026, further enhancing shareholder returns and reflecting the company's robust profitability.
- Capital Reduction Plan: Approval was granted to reduce up to 87,967,289 treasury shares, approximately 8.44% of current share capital, through a buyback program, optimizing capital structure and enhancing earnings per share, thereby strengthening market competitiveness.
- Executive Appointments and Compensation Policy: The meeting re-elected and appointed several directors and approved the Directors' Compensation Policy for 2026-2029, aimed at attracting and retaining key talent through incentive mechanisms to support the achievement of the company's long-term strategic goals.
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- Customized Financial Product: Sonnedix has signed a tailor-made financial product with Endesa aimed at hedging its long-term positions, thereby reducing the impact of market volatility on the company's finances and enhancing financial stability.
- Risk Management Strategy: This financial instrument allows Sonnedix to effectively manage risks in the renewable energy sector, ensuring competitiveness amid future market changes and further solidifying its market position.
- Long-term Partnership: The collaboration not only reflects the strategic partnership between Sonnedix and Endesa but may also lay the groundwork for further cooperation in the renewable energy sector, advancing sustainability goals.
- Market Reaction Expectations: This move is expected to boost investor confidence in Sonnedix, potentially having a positive impact on its stock price, reflecting the company's forward-thinking approach to risk management.
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- Bleak Industry Outlook: The overall decline in the television and radio sector may prompt investors to reassess the investment value in this field, further exacerbating market uncertainty and volatility.
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- Significant Revenue Growth: Elemental Royalty Corp reported an annual revenue of $85 million, with Q4 revenue at $17.2 million, reflecting a remarkable 152% increase compared to the previous year, indicating strong financial performance and heightened market demand.
- Record Gold Equivalent Ounces: The company achieved a total of 14,285 Gold Equivalent Ounces (GEOs) for the year, a substantial increase from approximately 9,000 GEOs last year, showcasing significant progress in diversifying its mineral asset portfolio and enhancing production capabilities.
- Innovative Dividend Announcement: The company declared an inaugural dividend of $0.12 per share annually, with an option for shareholders to receive it in Tether XAUT tokens, demonstrating innovative thinking in shareholder returns while enhancing liquidity.
- Strong Financial Backing: The credit facility has been upsized to $150 million with multiple banks, and the company ended the year with $53 million in cash and $80 million in working capital, ensuring a solid financial foundation for future expansion and investments.
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