EMX Royalty (NYSEAMERICAN:EMX - Free Report) had its target price lifted by HC Wainwright from $6.75 to $7.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.
Separately, National Bank Financial began coverage on EMX Royalty in a research note on Tuesday, October 22nd. They set an "outperform" rating on the stock.
View Our Latest Stock Analysis on EMX
EMX Royalty Stock Up 0.6 %
Shares of EMX Royalty stock traded up $0.01 on Tuesday, hitting $1.75. The company had a trading volume of 313,357 shares, compared to its average volume of 286,386. The company has a market cap of $194.04 million, a PE ratio of -43.50 and a beta of 0.84. EMX Royalty has a 1 year low of $1.41 and a 1 year high of $2.15.
EMX Royalty (NYSEAMERICAN:EMX - Get Free Report) last released its earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The company had revenue of $6.01 million for the quarter. EMX Royalty had a negative return on equity of 2.05% and a negative net margin of 7.44%. As a group, research analysts anticipate that EMX Royalty will post -0.05 EPS for the current year.
Institutional Trading of EMX Royalty
Several hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in EMX Royalty by 817.6% in the first quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company's stock valued at $27,000 after acquiring an additional 13,900 shares during the period. Virtu Financial LLC lifted its stake in shares of EMX Royalty by 509.6% during the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company's stock worth $199,000 after purchasing an additional 96,508 shares during the period. Marshall Wace LLP bought a new position in shares of EMX Royalty during the second quarter worth about $33,000. Finally, Kings Path Partners LLC acquired a new position in EMX Royalty during the second quarter worth about $33,000. 21.54% of the stock is currently owned by institutional investors and hedge funds.
About EMX Royalty
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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.
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