HC Wainwright Cuts EMX Royalty (NYSEAMERICAN:EMX) Price Target to $5.00

EMX Royalty (NYSEAMERICAN:EMX) had its target price lowered by HC Wainwright from $7.00 to $5.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

EMX Royalty Price Performance

NYSEAMERICAN EMX opened at $1.85 on Friday. The stock has a market capitalization of $201.28 million, a price-to-earnings ratio of -46.25 and a beta of 0.81. EMX Royalty has a 52-week low of $1.59 and a 52-week high of $2.15. The business’s 50-day moving average is $1.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.15 and a current ratio of 13.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Apollon Wealth Management LLC acquired a new stake in shares of EMX Royalty during the 4th quarter valued at approximately $25,000. Sage Investment Counsel LLC purchased a new position in EMX Royalty in the 4th quarter valued at approximately $26,000. Investment Counsel Co. of Nevada acquired a new position in EMX Royalty during the fourth quarter worth $33,000. Ullmann Wealth Partners Group LLC purchased a new stake in EMX Royalty during the fourth quarter worth $35,000. Finally, Meixler Investment Management Ltd. acquired a new stake in EMX Royalty in the fourth quarter valued at $56,000. Institutional investors and hedge funds 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.