EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Down 10.0% in September

EMX Royalty Co. (NYSEAMERICAN:EMX - Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 43,300 shares, a drop of 10.0% from the September 15th total of 48,100 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 266,300 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, HC Wainwright dropped their price objective on EMX Royalty from $6.75 to $6.50 and set a "buy" rating for the company in a research note on Wednesday, August 14th.

EMX Royalty Trading Down 1.1 %

NYSEAMERICAN:EMX traded down $0.02 during mid-day trading on Wednesday, hitting $1.86. 220,081 shares of the company's stock traded hands, compared to its average volume of 284,395. The company has a market capitalization of $210.55 million, a P/E ratio of -62.00 and a beta of 0.84. EMX Royalty has a 1 year low of $1.41 and a 1 year 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) EPS for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. The business had revenue of $6.01 million during the quarter. On average, equities research analysts predict that EMX Royalty will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On EMX Royalty

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position 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 purchasing an additional 13,900 shares during the period. Marshall Wace LLP purchased a new position in EMX Royalty in the 2nd quarter worth approximately $33,000. Kings Path Partners LLC acquired a new stake in EMX Royalty in the second quarter valued at approximately $33,000. Finally, Virtu Financial LLC raised its stake 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 valued at $199,000 after purchasing an additional 96,508 shares during the period. 21.54% of the stock is 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.