Analysts Issue Forecasts for EMX Royalty FY2024 Earnings

EMX Royalty Co. (NYSEAMERICAN:EMX - Free Report) - Research analysts at National Bank Financial increased their FY2024 EPS estimates for EMX Royalty in a report issued on Monday, February 10th. National Bank Financial analyst S. Nagle now anticipates that the company will earn ($0.02) per share for the year, up from their prior estimate of ($0.05). National Bank Financial currently has a "Outperform" rating on the stock. The consensus estimate for EMX Royalty's current full-year earnings is ($0.05) per share.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $7.00 target price on shares of EMX Royalty in a research note on Friday, January 10th.

EMX Royalty Price Performance

EMX stock traded down $0.04 during trading on Thursday, reaching $1.83. 242,352 shares of the company were exchanged, compared to its average volume of 334,828. The stock has a market cap of $201.81 million, a price-to-earnings ratio of -45.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 13.15 and a quick ratio of 13.15. EMX Royalty has a twelve month low of $1.45 and a twelve month high of $2.15.

Institutional Investors Weigh In On EMX Royalty

Hedge funds have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC bought a new stake in EMX Royalty in the fourth quarter valued at approximately $25,000. Sage Investment Counsel LLC bought a new stake in shares of EMX Royalty in the 4th quarter valued at $26,000. Investment Counsel Co. of Nevada acquired a new stake in shares of EMX Royalty in the 4th quarter valued at about $33,000. Ullmann Wealth Partners Group LLC acquired a new stake in EMX Royalty in the 4th quarter valued at $35,000. Finally, Meixler Investment Management Ltd. acquired a new position in shares of EMX Royalty during the fourth quarter valued at about $56,000. 21.54% of the stock is currently owned by institutional investors and hedge funds.

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.