Elemental Royalty (ELE) Price Target Raised to C$38 by Canaccord

AI Summary

Elemental Royalty Corporation (NASDAQ: ELE) recently had its price target increased to C$38 from C$37 by Canaccord, maintaining a Buy rating. This increase reflects Canaccord's confidence in Elemental's growing portfolio and its cash flow generation potential amidst ramping production. Additionally, H.C. Wainwright initiated coverage on ELE with a Buy rating and a $32.50 price target. Elemental operates on a low-risk asset-light business model, which positions it favorably in the rare earth and critical minerals markets as demand continues to grow.