HC Wainwright Issues Positive Forecast for EMX Royalty (NYSEAMERICAN:EMX) Stock Price

EMX Royalty (NYSEAMERICAN:EMX) had its target price upped by HC Wainwright from $6.75 to $7.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective suggests a potential upside of 311.76% from the stock’s current price.

Separately, National Bank Financial assumed coverage on shares of EMX Royalty in a research note on Tuesday, October 22nd. They set an “outperform” rating on the stock.

EMX Royalty Price Performance

Shares of NYSEAMERICAN:EMX opened at $1.70 on Tuesday. EMX Royalty has a 52-week low of $1.41 and a 52-week high of $2.15. The stock has a market capitalization of $188.50 million, a price-to-earnings ratio of -42.50 and a beta of 0.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.15 and a current ratio of 13.15.

EMX Royalty (NYSEAMERICAN:EMX) last announced its earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The business had revenue of $6.01 million for the quarter. EMX Royalty had a negative net margin of 13.73% and a negative return on equity of 3.11%. Equities analysts anticipate that EMX Royalty will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EMX. Virtu Financial LLC increased its holdings in EMX Royalty by 509.6% in the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after acquiring an additional 96,508 shares during the last quarter. Kings Path Partners LLC bought a new stake in EMX Royalty in the 2nd quarter valued at $33,000. Marshall Wace LLP bought a new stake in EMX Royalty in the 2nd quarter valued at $33,000. Finally, BNP Paribas Financial Markets increased its holdings in EMX Royalty by 26.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock valued at $139,000 after acquiring an additional 16,200 shares during the last quarter. Hedge funds and other institutional investors own 21.54% of the company’s stock.

About EMX Royalty

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.