FY2024 EPS Estimates for EMX Royalty Decreased by Analyst

EMX Royalty Co. (NYSEAMERICAN:EMX - Free Report) - Stock analysts at HC Wainwright decreased their FY2024 earnings per share estimates for shares of EMX Royalty in a research note issued on Wednesday, October 23rd. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.05) per share for the year, down from their prior estimate of ($0.03). HC Wainwright has a "Buy" rating and a $6.75 price target on the stock. The consensus estimate for EMX Royalty's current full-year earnings is ($0.03) per share.

EMX Royalty (NYSEAMERICAN:EMX - Get Free Report) last announced 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%.

Separately, National Bank Financial assumed coverage on EMX Royalty in a research note on Tuesday. They set an "outperform" rating on the stock.

EMX Royalty Stock Down 1.8 %

EMX stock traded down $0.03 during mid-day trading on Friday, hitting $1.93. 258,026 shares of the company were exchanged, compared to its average volume of 284,208. EMX Royalty has a 1-year low of $1.41 and a 1-year high of $2.15. The company has a market capitalization of $217.91 million, a PE ratio of -64.17 and a beta of 0.84.

Institutional Trading of EMX Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC grew its holdings 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 in the last quarter. Kings Path Partners LLC bought a new stake in shares of EMX Royalty during the 2nd quarter worth approximately $33,000. Marshall Wace LLP acquired a new stake in shares of EMX Royalty during the 2nd quarter worth approximately $33,000. Finally, BNP Paribas Financial Markets increased its stake 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 last quarter. Institutional investors and hedge funds own 21.54% of the company's stock.

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.