ELE Should I Buy
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Elemental Royalty Corp (ELE) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, recent price momentum, and positive analyst sentiment make it a suitable choice for long-term growth.
The MACD is below zero but contracting negatively, indicating a potential reversal. RSI is neutral at 58.638, and moving averages are converging, showing no clear trend. The stock is trading near its R1 resistance level of 21.61, suggesting recent bullish momentum.
Analysts have raised price targets recently, with Canaccord setting a target of C$37 and maintaining a Buy rating.
No significant insider or hedge fund trading trends. MACD remains below zero, and there is no recent news to act as a catalyst.
In Q3 2025, the company demonstrated strong growth with an 84.24% YoY increase in revenue, a 117.94% YoY increase in net income, and a 100% YoY increase in EPS. Gross margin also improved by 10.72% YoY to 64.32%.
Analysts are positive on the stock. Canaccord recently raised the price target to C$37 from C$33 and maintained a Buy rating. Other analysts have raised price targets on similar companies, indicating a favorable sector outlook.
