Elemental Altus Royalties Future Growth

Future criteria checks 2/6

Elemental Altus Royalties is forecast to grow revenue at 20.7% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Metals and Mining earnings growth	29.0%
Revenue growth rate	20.7%
Future return on equity	n/a
Analyst coverage	Low
Last updated	24 Apr 2024

Recent future growth updates

Recent updates

Returns On Capital At Elemental Royalties (CVE:ELE) Paint A Concerning Picture

Sep 03

We Think Elemental Royalties (CVE:ELE) Can Easily Afford To Drive Business Growth

May 08

Are Investors Undervaluing Elemental Royalties Corp. (CVE:ELE) By 47%?

Mar 16

Earnings and Revenue Growth Forecasts

TSXV:ELE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	32	N/A	14	13	1
12/31/2025	26	N/A	22	13	3
12/31/2024	19	N/A	14	10	4
12/31/2023	12	-3	-4	2	N/A
9/30/2023	10	-17	-5	1	N/A
6/30/2023	11	-18	-8	-2	N/A
3/31/2023	10	-19	-19	-2	N/A
12/31/2022	10	-18	-13	-1	N/A
9/30/2022	9	-8	-11	0	N/A
6/30/2022	9	-6	-9	2	N/A
3/31/2022	8	-5	2	3	N/A
12/31/2021	7	-5	-39	1	N/A
9/30/2021	6	-3	-38	2	N/A
6/30/2021	5	-4	-39	2	N/A
3/31/2021	5	-3	-39	1	N/A
12/31/2020	5	-3	-9	2	N/A
9/30/2020	4	-3	-12	0	N/A
6/30/2020	4	-1	-11	1	N/A
3/31/2020	3	0	-10	1	N/A
12/31/2019	2	0	1	1	N/A
12/31/2018	1	0	-4	1	N/A
12/31/2017	1	0	-2	0	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ELE's forecast earnings growth is above the savings rate (2.1%).

Earnings vs Market: Insufficient data to determine if ELE's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if ELE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ELE's revenue (20.7% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: ELE's revenue (20.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ELE's Return on Equity is forecast to be high in 3 years time

Elemental Altus Royalties Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 8.0% to CA$2.03

Elemental Altus Royalties Corp. Provides Production Guidance for the Year 2024

Elemental Altus Royalties Corp. Affirms Production Guidance for the Year 2023

Price target decreased by 10% to CA$1.89

Price target decreased by 9.4% to CA$2.02

Price target decreased to CA$2.02

Recent updates

Price target increased by 8.0% to CA$2.03

Full year 2023 earnings released: US$0.016 loss per share (vs US$0.17 loss in FY 2022)

Elemental Altus Royalties Corp. Provides Production Guidance for the Year 2024

Elemental Altus Royalties Corp. Announces Resignation of Steven Poulton Executive Chairman, Effective January 01, 2024

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: US$0.012 loss per share (vs US$0.028 loss in 3Q 2022)

New major risk - Financial position

Elemental Altus Royalties Corp. Notes Development Approval of Diba Project by Allied Gold

Executive Chairman recently bought CA$58k worth of stock

Second quarter 2023 earnings released: US$0.008 loss per share (vs US$0.03 loss in 2Q 2022)

Elemental Altus Royalties Corp. Affirms Production Guidance for the Year 2023

Elemental Altus Royalties Corp., Annual General Meeting, Sep 07, 2023

Full year 2022 earnings released: US$0.17 loss per share (vs US$0.071 loss in FY 2021)

Price target decreased by 10% to CA$1.89

Price target decreased by 9.4% to CA$2.02

Elemental Altus Royalties Corp. (TSXV:ELE) entered into a definitive agreement to acquire Non-Core Royalty Portfolio from First Mining Gold Corp. (TSX:FF) for CAD 6.7 million.

Elemental Altus Royalties Corp. Announces Appointment of David Baker as Chief Financial Officer

Elemental Altus Royalties Corp. announced that it has received CAD 5.082876 million in funding

Price target decreased to CA$2.02

Third quarter 2022 earnings released: US$0.028 loss per share (vs US$0.012 loss in 3Q 2021)

Now 21% undervalued

Less than half of directors are independent

Now 24% undervalued after recent price drop

Elemental Altus Royalties Corp. Notes Increase in Reserves and Resources At Karlawinda Gold Mine, Australia

Elemental Royalties Corp. (TSXV:ELE) completed the acquisition of Altus Strategies plc from Lmh Explorers S.A R.L., Condire Resource Master Partnership, LP managed by Condire Management, LP and others.

Second quarter 2022 earnings released: US$0.03 loss per share (vs US$0.017 loss in 2Q 2021)

Less than half of directors are independent

Elemental Royalties Corp. Approves the Election of Steven Poulton, Karim Nasr and David Netherway as Directors of Combined Company

Elemental Royalties Corp., Annual General Meeting, Aug 08, 2022

Elemental Royalties Corp. (TSXV:ELE) agreed to acquire Altus Strategies plc (AIM:ALS) from Lmh Explorers S.A R.L., Condire Resource Master Partnership, LP managed by Condire Management, LP and others for £60 million

Elemental Royalties Corp. (TSXV:ELE) agreed to acquire Altus Strategies plc (AIM:ALS) from Lmh Explorers S.A R.L., Condire Resource Master Partnership, LP managed by Condire Management, LP and others for £60 million

Elemental Royalties Corp. Provides an Update Regarding Developments At Several Assets in Its High-Quality Royalty and Stream Portfolio Including Producing Assets Ming, Karlawinda, Wahgnion, and Amancaya

Gold Royalty Corp. (NYSEAM:GROY) cancelled the acquisition of Elemental Royalties Corp. (TSXV:ELE).

Now 20% undervalued after recent price drop

High number of new and inexperienced directors

High number of new and inexperienced directors

Elemental Royalties Corp. announced that it has received CAD 14.00525 million in funding from La Mancha Holding S.a.r.l., Investment Arm, Euro Pacific Asset Management, LLC

Elemental Royalties Corp. Provides Operational and Revenue Guidance for the Year 2022

Gold Royalty Corp. (NYSEAM:GROY) announced intention to acquire Elemental Royalties Corp. (TSXV:ELE) for approximately CAD 130 million.

Independent Director recently bought CA$78k worth of stock

Third quarter 2021 earnings released: US$0.012 loss per share (vs US$0.032 loss in 3Q 2020)

Independent Director recently bought CA$65k worth of stock

Returns On Capital At Elemental Royalties (CVE:ELE) Paint A Concerning Picture

Elemental Royalties Corp. Provides Production Guidance for the Year 2021

Second quarter 2021 earnings released: US$0.017 loss per share (vs US$0.16 loss in 2Q 2020)

Elemental Royalties Corp. Notes Start of Ore Processing at Key Karlawinda Royalty and Progress at Panton Royalty

Elemental Royalties Notes Commissioning of Cornerstone Karlawinda Mine

Elemental Royalties Corp. Provides Production Guidance for the Year 2021

Elemental Royalties Notes Ongoing High-Grade Discoveries At Key Amancaya Royalty

We Think Elemental Royalties (CVE:ELE) Can Easily Afford To Drive Business Growth

Full year 2020 earnings released

Elemental Royalties Corp. Provides Revenue and Production Guidance for the Full Year 2021

Are Investors Undervaluing Elemental Royalties Corp. (CVE:ELE) By 47%?

New 90-day low: CA$1.38

Elemental Royalties Notes High Grade Extensions at Producing Amancaya Mine, Karlawinda Construction on Track

Elemental Royalties Corp. Expands and Confirming the Continuity of Higher-Grade Mineralization in Several Areas of the Mercedes Project

Elemental Royalties Corp. announced that it expects to receive CAD 12 million in funding

First half earnings released

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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