Shares of EMX Royalty Co. (NYSEAMERICAN:EMX - Get Free Report) were up 1.1% during mid-day trading on Monday . The company traded as high as $1.81 and last traded at $1.79. Approximately 264,034 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 286,469 shares. The stock had previously closed at $1.77.
Wall Street Analyst Weigh In
Separately, HC Wainwright dropped their target price on EMX Royalty from $6.75 to $6.50 and set a "buy" rating on the stock in a research report on Wednesday, August 14th.
Read Our Latest Stock Analysis on EMX Royalty
EMX Royalty Stock Performance
The firm has a market cap of $202.63 million, a price-to-earnings ratio of -59.67 and a beta of 0.84.
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 for the quarter. The firm 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%. As a group, equities analysts anticipate that EMX Royalty Co. will post -0.03 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in shares of 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. Marshall Wace LLP bought a new position in EMX Royalty in the 2nd quarter valued at $33,000. Kings Path Partners LLC acquired a new position in EMX Royalty in the second quarter worth $33,000. Finally, Virtu Financial LLC grew 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 last quarter. 21.54% of the stock is currently owned by institutional investors and hedge funds.
About EMX Royalty
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Get Free Report)
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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