EMX Royalty (NYSEAMERICAN:EMX) Trading Up 2.9% - Here's Why

EMX Royalty Co. (NYSEAMERICAN:EMX - Get Free Report) shot up 2.9% on Monday . The company traded as high as $1.84 and last traded at $1.77. 523,983 shares were traded during mid-day trading, an increase of 85% from the average session volume of 283,789 shares. The stock had previously closed at $1.72.

Analysts Set New Price Targets

A number of research firms recently commented on EMX. National Bank Financial began coverage on shares of EMX Royalty in a report on Tuesday, October 22nd. They issued an "outperform" rating on the stock. HC Wainwright lifted their price target on shares of EMX Royalty from $6.75 to $7.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th.

EMX Royalty Stock Performance

The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. The stock has a market cap of $195.83 million, a PE ratio of -44.25 and a beta of 0.81.

Institutional Trading of EMX Royalty

Several institutional investors have recently added to or reduced their stakes in EMX. Marshall Wace LLP bought a new position in shares of EMX Royalty during the second quarter valued at about $33,000. Kings Path Partners LLC bought a new position in shares of EMX Royalty during the second quarter valued at about $33,000. Finally, BNP Paribas Financial Markets raised its stake in shares of EMX Royalty by 26.3% during the third quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company's stock valued at $139,000 after acquiring an additional 16,200 shares during the last quarter. 21.54% of the stock is currently owned by hedge funds and other institutional investors.

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.