Who are Elemental Royalty's main competitors?

Named competitors: Franco-Nevada (FNV.TO), Royal Gold (RGLD), Metalla Royalty & Streaming (MTA.V). The cockpit's measured peer set (sector in the same market, nearest in size) also includes i-80 Gold (IAU.TO), Canfor (CFP.TO), Faraday Copper (FDY.TO), Solaris Resources (SLS.TO), Chemtrade Logistics Income Fund (CHE-UN.TO), Vizsla Silver (VZLA.TO).

Is Elemental Royalty expensive compared with its peers?

On forward p/e it trades at 49.8× against a peer median of 10.2×, most expensive of 11 in its peer set.

How has Elemental Royalty stock performed?

Over six months to 6 Nov 2026 the shares returned -7.2% against -9.5% for the median peer; over one year +11.1%.

← CockpitCompetitor Analysis › ELE.TO Elemental Royalty CorporationOpen in the cockpit ↗

Elemental Royalty CorporationELE.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Oil & Gas Production

Gold-focused royalty and streaming company holding royalty interests over multiple gold and base-metal mining and development projects globally.

≈ A junior gold royalty company like a smaller Franco-NevadaMomentum weak 29

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.23B

US dollars, full cap

Free float

64%

of shares outstanding

$/day

$1.28M

20-day average traded

Fwd P/E

49.8×

forward earnings

ROIC−WACC

-5.1 pp

WACC 6.7%

Hurdle

n/a

no reverse DCF

Next earnings

4 days

10 Nov 2026

Close · CADC$22.52

1D+4.9%

1W+11.2%

1M-9.5%

3M-15.6%

6M-7.2%

YTD-3.1%

1Y+11.1%

ATR %5.2%

52w lowhigh34.3% off high

What Elemental Royalty does

Gold-focused royalty and streaming company holding royalty interests over multiple gold and base-metal mining and development projects globally.

In one line: A junior gold royalty company like a smaller Franco-Nevada.

Products and services

Gold royalty portfolio
Base metals royalty interests

Where it sits in the supply chain

Metals streaming/royalty finance
Gold royalty acquisition
Portfolio royalty management

What could go right

Underlying mine production growth/new project start-ups
Gold price strength

What could go wrong

Underlying operator execution/financing risk
Limited control over royalty-paying operators

Moat: narrow (scale, installed base). Diversified portfolio of royalties across multiple operators' gold projects provides low-cost, capital-light commodity exposure.

Headquarters: London, United Kingdom · Founded: 2018 · Employees: 47

Named competitors

Elemental Royalty at a glance

Size Elemental Royalty (ELE.TO) is a Canada Materials company (Oil & Gas Production) with a market value of $1.23B, the 224th largest of 420 Canada companies the cockpit tracks. Shares closed at C$22.52 on 6 Nov 2026.

Performance Over six months the shares fell 7.2%, against -9.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 147.2% over the last twelve months (peer median +41.5%); the operating margin is 20.6% (peer median 19.1%).

Valuation It trades at 49.8× forward earnings against a peer median of 10.2× (most expensive of 11).

Capital Return on invested capital runs 5.1 points below its cost of capital (6.7% WACC).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Elemental Royalty against the median of its 20 peers (local-currency closes).

Elemental Royalty financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	C$101M	C$59.9M	C$23.5M	C$15.6M	C$13.1M
Revenue growth	—	+155%	+51%	+19%	—
Gross profit	C$66.4M	C$37.5M	C$13.1M	C$6.34M	C$5.55M
EBITDA	C$55.2M	C$32.6M	C$11.4M	C$5.00M	C$2.81M
Net income	C$4.04M	C$2.43M	-C$523,816	-C$5.17M	-C$24.7M
Free cash flow	-C$41.9M	-C$47.6M	C$5.35M	C$4.76M	-C$18.0M
Capital expenditure	C$108M	C$94.3M	C$4.66M	C$7.38M	C$17.2M
Total debt	C$0	C$671,519	C$3.87M	C$39.8M	C$40.7M

Quarterly statements and history in the cockpit →

Elemental Royalty competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Elemental Royalty is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Elemental Royalty is the large dot.

Elemental Royalty competitors and peer comparison

Head to head with its named competitors (ELE.TO vs FNV.TO vs RGLD vs MTA.V)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Elemental Royalty ELE.TO	$1.23B	-7%	+147%	21%	49.8×	n/a
Franco-Nevada FNV.TO	$49.6B	+16%	+72%	75%	31.5×	17.7%
Royal Gold RGLD	$22.5B	+11%	+94%	63%	20.9×	10.9%
Metalla Royalty & Streaming MTA.V	$763M	+17%	+89%	17%	74.2×	n/a

How Elemental Royalty compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Elemental Royalty against its 20 peers (data as of 6 Nov 2026)
Measure	ELE.TO	Peer median	Rank in peer set
1-month return	-9.5%	-6.5%	9th lowest of 21
6-month return	-7.2%	-9.5%	10th highest of 21
Distance from 52-week high	-34.3%	-33.5%	10th lowest of 21
Revenue growth (TTM)	+147.2%	+41.5%	highest of 11
Operating margin	20.6%	19.1%	5th highest of 12
Forward P/E	49.8×	10.2×	most expensive of 11
ROIC minus cost of capital	-5.1 pp	-9.3 pp	8th highest of 19
EV / EBITDA	29.0×	9.8×	2nd most expensive of 11
Net debt / EBITDA	-2.3×	0.4×	2nd least indebted of 11

Peer table

Peer set: Sector in the same market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Elemental Royalty ELE.TO	Canada	$1.23B	-7%	+147%	21%	49.8×	n/a	n/a
i-80 Gold IAU.TO	Canada	$1.24B	-2%	+38%	-103%	n/a	n/a	n/a
Canfor CFP.TO	Canada	$1.22B	+17%	+2%	-1%	n/a	n/a	n/a
Faraday Copper FDY.TO	Canada	$1.21B	-18%	n/a	n/a	n/a	n/a	n/a
Solaris Resources SLS.TO	Canada	$1.19B	-28%	n/a	n/a	n/a	n/a	n/a
Chemtrade Logistics Income Fund CHE-UN.TO	Canada	$1.19B	-17%	+12%	12%	9.5×	-0.8%	+7.7%
Vizsla Silver VZLA.TO	Canada	$1.18B	-1%	n/a	n/a	n/a	n/a	n/a
AbraSilver Resource ABRA.TO	Canada	$1.30B	-37%	n/a	n/a	n/a	n/a	n/a
Collective Mining CNL.TO	Canada	$1.17B	-22%	n/a	n/a	n/a	n/a	n/a
Cascades CAS.TO	Canada	$1.15B	+49%	+1%	5%	9.2×	-1.9%	+3.1%
Benz Mining BZ.V	Canada	$1.15B	+120%	n/a	n/a	n/a	n/a	n/a
Alphamin Resources AFM.V	Canada	$1.12B	-15%	+45%	54%	4.1×	n/a	n/a
Hemlo Mining HMMC.TO	Canada	$1.09B	-9%	n/a	n/a	10.8×	n/a	n/a
Gogold Resources GGD.TO	Canada	$1.08B	+19%	+64%	47%	29.0×	13.3%	+13.8%
RIO2 RIO.TO	Canada	$1.08B	-6%	n/a	20%	6.1×	36.3%	n/a
New Pacific Metals NUAG.TO	Canada	$1.05B	0%	n/a	n/a	n/a	n/a	n/a
Americas Gold and Silver USA.TO	Canada	$1.05B	-50%	+86%	19%	14.9×	n/a	n/a
Orezone Gold ORE.TO	Canada	$1.46B	+31%	+93%	40%	6.9×	-8.0%	+110.4%
Labrador Iron Ore Royalty LIF.TO	Canada	$981M	-23%	-15%	75%	15.4×	0.6%	-3.9%
McEwen MUX.TO	Canada	$954M	-31%	+54%	-3%	31.8×	59.7%	+15.2%
Southern Cross Gold Consolidated SXGC.TO	Canada	$1.65B	-9%	n/a	n/a	n/a	n/a	n/a

Questions

Who are Elemental Royalty's main competitors?: Named competitors: Franco-Nevada (FNV.TO), Royal Gold (RGLD), Metalla Royalty & Streaming (MTA.V). The cockpit's measured peer set (sector in the same market, nearest in size) also includes i-80 Gold (IAU.TO), Canfor (CFP.TO), Faraday Copper (FDY.TO), Solaris Resources (SLS.TO), Chemtrade Logistics Income Fund (CHE-UN.TO), Vizsla Silver (VZLA.TO).
Is Elemental Royalty expensive compared with its peers?: On forward p/e it trades at 49.8× against a peer median of 10.2×, most expensive of 11 in its peer set.
How has Elemental Royalty stock performed?: Over six months to 6 Nov 2026 the shares returned -7.2% against -9.5% for the median peer; over one year +11.1%.