HC Wainwright Forecasts Reduced Earnings for EMX Royalty

EMX Royalty Co. (CVE:EMX - Free Report) - HC Wainwright dropped their FY2024 earnings per share estimates for shares of EMX Royalty in a research report issued to clients and investors on Wednesday, October 23rd. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.07) per share for the year, down from their prior estimate of ($0.04). The consensus estimate for EMX Royalty's current full-year earnings is $0.01 per share.

Separately, National Bank Financial upgraded shares of EMX Royalty to a "strong-buy" rating in a report on Monday.

EMX Royalty Trading Down 1.1 %

Shares of CVE:EMX traded down C$0.03 during midday trading on Friday, reaching C$2.68. The company had a trading volume of 3,300 shares, compared to its average volume of 24,156. The company has a fifty day simple moving average of C$2.43 and a two-hundred day simple moving average of C$2.51. The company has a debt-to-equity ratio of 28.76, a quick ratio of 4.65 and a current ratio of 0.94. The firm has a market cap of C$304.26 million, a price-to-earnings ratio of -89.33 and a beta of 0.85. EMX Royalty has a 1-year low of C$1.91 and a 1-year high of C$2.92.

EMX Royalty (CVE:EMX - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported C($0.05) EPS for the quarter. The company had revenue of C$8.22 million for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.11%.

Insider Activity

In other EMX Royalty news, Director David M. Cole bought 200,000 shares of the stock in a transaction on Thursday, October 3rd. The shares were bought at an average price of C$2.05 per share, with a total value of C$410,000.00. In other EMX Royalty news, Senior Officer Christina Cepeliauskas sold 20,000 shares of the company's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of C$2.57, for a total value of C$51,424.00. Also, Director David M. Cole purchased 200,000 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of C$2.05 per share, with a total value of C$410,000.00. 18.66% of the stock is currently owned by corporate insiders.

EMX Royalty Company Profile

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron deposits, as well as battery, precious, and base metals.