Elemental Altus Royalties Third Quarter 2024 Earnings: EPS: US$0.003 (vs US$0.012 loss in 3Q 2023)

Elemental Altus Royalties (CVE:ELE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.73m (up 57% from 3Q 2023).
• Net income: US$584.0k (up from US$2.27m loss in 3Q 2023).
• Profit margin: 16% (up from net loss in 3Q 2023).
• EPS: US$0.003 (up from US$0.012 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Elemental Altus Royalties Earnings Insights

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Elemental Altus Royalties that you should be aware of.

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