EMX Royalty (NYSEAMERICAN:EMX) PT Raised to $6.75

EMX Royalty (NYSEAMERICAN:EMX - Free Report) had its price target increased by HC Wainwright from $6.50 to $6.75 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, National Bank Financial started coverage on EMX Royalty in a research report on Tuesday. They issued an "outperform" rating for the company.

EMX Royalty Price Performance

NYSEAMERICAN EMX traded down $0.07 during trading hours on Wednesday, reaching $1.94. 250,254 shares of the company's stock traded hands, compared to its average volume of 284,626. The stock has a market cap of $219.04 million, a P/E ratio of -64.50 and a beta of 0.84. EMX Royalty has a 52-week low of $1.41 and a 52-week high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $6.01 million for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. Research analysts expect that EMX Royalty will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EMX Royalty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in EMX Royalty by 817.6% in the 1st quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company's stock worth $27,000 after acquiring an additional 13,900 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of EMX Royalty in the second quarter valued at $33,000. Kings Path Partners LLC bought a new stake in EMX Royalty in the second quarter worth $33,000. Finally, Virtu Financial LLC raised its stake in EMX Royalty by 509.6% during the first quarter. Virtu Financial LLC now owns 115,447 shares of the company's stock valued at $199,000 after purchasing an additional 96,508 shares in the last quarter. Institutional investors 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.