BUY now: price (20.74) is pulling back toward key support (S1 ~19.48) while the broader trend structure remains bullish (SMA_5 > SMA_20 > SMA_200).
Short-term momentum is weak (bearish MACD histogram expanding), but the risk/reward is favorable for an impatient buyer entering near support rather than chasing above the pivot (22.41).
Fundamentals (2025/Q3) show strong YoY acceleration in revenue, earnings, and margins, supporting a higher-quality bid on dips.
Analyst stance (relevant coverage) is supportive with a reiterated Buy and higher target, reinforcing upside bias despite near-term volatility.
Technical Analysis
Trend/structure: Bullish moving-average stack (SMA_5 > SMA_20 > SMA_200) suggests the intermediate-to-long trend is still up.
Momentum: MACD histogram is negative (-0.0996) and expanding lower -> near-term downside pressure is increasing.
RSI: RSI_6 at 47.26 (neutral) -> not oversold yet; room for further dip before reflex bounce.
Key levels: Pivot 22.414 (price below pivot = near-term bearish). Support S1 19.48 then S2 17.667. Resistance R1 25.347 then R2 27.16.
Practical read: After a -3.94% drop, ELE is closer to support than resistance; buying near/into support is the better immediate entry than waiting for a momentum reversal.
Metals/silver narrative tailwind: news highlights ongoing multi-year silver supply deficits and policy focus on supply-chain security—typically supportive for mining/royalty-linked sentiment.
Industry backdrop: shift toward brownfield development can accelerate project timelines and cash-flow visibility across the sector (supportive for royalty models).
Company execution signal via fundamentals: strong YoY growth in revenue, net income, and margins (latest reported quarter) can re-rate sentiment on pullbacks.
Analyst catalyst: Canaccord raised price target and maintained Buy (positive reinforcement for institutional buyers).
Neutral/Negative Catalysts
implies sellers still have control in the short run.
Wall Street-style cons: limited breadth of provided analyst coverage in the dataset; no corroborating upgrades/downgrades shown beyond the single relevant note.
Influential/political flows: No recent congress trading data available; no politician activity indicated in the provided data.
Wall Street analysts forecast ELE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELE is 23.77 USD with a low forecast of 23.77 USD and a high forecast of 23.77 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast ELE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELE is 23.77 USD with a low forecast of 23.77 USD and a high forecast of 23.77 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 18.390
Low
23.77
Averages
23.77
High
23.77
Current: 18.390
Low
23.77
Averages
23.77
High
23.77
Canaccord
Buy
maintain
$33 -> $37
AI Analysis
2026-01-23
Reason
Canaccord
Price Target
$33 -> $37
AI Analysis
2026-01-23
maintain
Buy
Reason
Canaccord raised the firm's price target on Elemental Royalty to C$37 from C$33 and keeps a Buy rating on the shares.
Berenberg
Andrew Fisher
Hold
upgrade
2026-01-21
Reason
Berenberg
Andrew Fisher
Price Target
2026-01-21
upgrade
Hold
Reason
Berenberg analyst Andrew Fisher raised the firm's price target on Endesa to EUR 31 from EUR 20 and keeps a Hold rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for ELE
