FY2024 EPS Estimates for EMX Royalty Increased by Analyst

EMX Royalty Co. (NYSEAMERICAN:EMX) – Investment analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of EMX Royalty in a note issued to investors on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will earn ($0.02) per share for the year, up from their prior forecast of ($0.05). National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for EMX Royalty’s current full-year earnings is ($0.05) per share.

Separately, HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of EMX Royalty in a report on Friday, January 10th.

EMX Royalty Stock Performance

EMX opened at $1.87 on Thursday. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. EMX Royalty has a fifty-two week low of $1.43 and a fifty-two week high of $2.15. The stock has a market capitalization of $206.22 million, a P/E ratio of -46.75 and a beta of 0.81.

Institutional Investors Weigh In On EMX Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake 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 buying an additional 16,200 shares during the last quarter. Ullmann Wealth Partners Group LLC purchased a new stake in EMX Royalty in the 4th quarter valued at about $35,000. Marshall Wace LLP purchased a new stake in EMX Royalty in the 4th quarter valued at about $61,000. Investment Counsel Co. of Nevada purchased a new stake in EMX Royalty in the 4th quarter valued at about $33,000. Finally, Virtu Financial LLC increased its stake in EMX Royalty by 161.0% in the 4th quarter. Virtu Financial LLC now owns 90,500 shares of the company’s stock valued at $157,000 after buying an additional 55,827 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.