Elemental Royalty Corp. (ELE:CA)
Elemental Royalty Corp. had its target price lowered by Canaccord Genuity to $33.00 from $38.00, following a reassessment of the company’s royalty-asset portfolio. The reduction reflects updated valuations tied to project timelines, production forecasts, and underlying commodity-price assumptions. Analysts noted that while Elemental retains a diversified portfolio of cash-flowing and development-stage royalties, adjustments to expected asset contribution, particularly from properties with evolving mine plans or slower-than-expected advancement, warranted a more conservative outlook. Despite the target cut, the firm’s long-term growth prospects remain linked to the performance and expansion of its partner-operated mining assets, as well as the potential for future royalty acquisitions.
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