Beginning PowerShell 5.0 New-Item, Remove-Item, and Get-ChildItem have been enhanced to support creating and managing symbolic links. The ItemType parameter for New-Item accepts a new value, SymbolicLink. Now you can create symbolic links in a single line by running the New-Item cmdlet.
New-Item -ItemType SymbolicLink -Path "C:\temp" -Name "calc.lnk" -Value "c:\windows\system32\calc.exe"
Be Carefull a SymbolicLink is different from a Shortcut, shortcuts are just a file. They have a size (A small one, that just references where they point) and they require an application to support that filetype in order to be used. A symbolic link is filesystem level, and everything sees it as the original file. An application needs no special support to use a symbolic link.
Anyway if you want to create a Run As Administrator shortcut using Powershell you can use
$file="c:\temp\calc.lnk"
$bytes = [System.IO.File]::ReadAllBytes($file)
$bytes[0x15] = $bytes[0x15] -bor 0x20 #set byte 21 (0x15) bit 6 (0x20) ON (Use –bor to set RunAsAdministrator option and –bxor to unset)
[System.IO.File]::WriteAllBytes($file, $bytes)
If anybody want to change something else in a .LNK file you can refer to official Microsoft documentation.