Elemental Royalties (TSE:ELE) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Elemental Altus Royalties Corp. is acquiring a 50% stake in a gold royalty portfolio from AlphaStream Limited for $28 million, boosting its cash flow and financial flexibility. The acquisition is set to expand margins and increase revenue by 25% in 2025, enhancing Elemental Altus’s exposure to gold prices. This strategic move also brings in AlphaStream as a key shareholder, strengthening the company’s position in the precious metals market.
For further insights into TSE:ELE stock, check out TipRanks’ Stock Analysis page.
