FY2024 EPS Forecast for EMX Royalty Decreased by Analyst

EMX Royalty Co. (NYSEAMERICAN:EMX) – Investment analysts at HC Wainwright cut their FY2024 earnings per share (EPS) 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 forecast of ($0.03). HC Wainwright has a “Buy” rating and a $6.75 price objective on the stock. The consensus estimate for EMX Royalty’s current full-year earnings is ($0.03) per share.

Separately, National Bank Financial began coverage on EMX Royalty in a report on Tuesday, October 22nd. They set an “outperform” rating for the company.

EMX Royalty Stock Down 2.0 %

EMX Royalty stock opened at $1.92 on Friday. EMX Royalty has a twelve month low of $1.41 and a twelve month high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last posted 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%.

Institutional Trading of EMX Royalty

Several hedge funds and other institutional investors have recently modified their holdings of EMX. BNP Paribas Financial Markets raised its stake in shares of EMX Royalty by 817.6% during the 1st 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. Virtu Financial LLC grew its holdings in EMX Royalty by 509.6% during the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after buying an additional 96,508 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of EMX Royalty during the second quarter valued at about $33,000. Finally, Marshall Wace LLP purchased a new stake in shares of EMX Royalty in the second quarter worth about $33,000. 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.