Research analysts at National Bank Financial initiated coverage on shares of EMX Royalty (NYSEAMERICAN:EMX - Get Free Report) in a research note issued on Tuesday, MarketBeat reports. The firm set an "outperform" rating on the stock.
Separately, HC Wainwright cut their target price on shares of EMX Royalty from $6.75 to $6.50 and set a "buy" rating for the company in a report on Wednesday, August 14th.
Read Our Latest Report on EMX
EMX Royalty Trading Up 1.3 %
EMX Royalty stock traded up $0.03 during midday trading on Tuesday, hitting $2.02. The stock had a trading volume of 305,933 shares, compared to its average volume of 284,794. The firm has a market capitalization of $228.10 million, a price-to-earnings ratio of -67.67 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 announced its quarterly earnings data on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. The company had revenue of $6.01 million for the quarter. On average, analysts predict that EMX Royalty will post -0.03 EPS for the current year.
Hedge Funds Weigh In On EMX Royalty
Several institutional investors and hedge funds have recently added to or reduced their stakes in EMX. BNP Paribas Financial Markets grew its stake in shares of EMX Royalty by 817.6% during the first 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. Virtu Financial LLC lifted its holdings in shares of EMX Royalty by 509.6% during the first 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. Kings Path Partners LLC acquired a new stake in shares of EMX Royalty during the second quarter worth about $33,000. Finally, Marshall Wace LLP acquired a new stake in shares of EMX Royalty during the second quarter worth about $33,000. Hedge funds and other institutional investors own 21.54% of the company's stock.
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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