EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Update

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 37,800 shares, a growth of 51.2% from the August 15th total of 25,000 shares. Based on an average daily trading volume, of 256,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

EMX Royalty Stock Performance

Shares of EMX stock opened at $1.81 on Monday. The firm has a market cap of $204.89 million, a P/E ratio of -60.33 and a beta of 0.84. 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. EMX Royalty had a negative return on equity of 2.05% and a negative net margin of 7.44%. The firm had revenue of $6.01 million for the quarter. Equities research analysts expect that EMX Royalty will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright lowered their price target 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.

Institutional Investors Weigh In On EMX Royalty

Several institutional investors have recently made changes to their positions in EMX. BNP Paribas Financial Markets grew 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 worth $27,000 after purchasing an additional 13,900 shares during the last quarter. Marshall Wace LLP purchased a new position in EMX Royalty in the 2nd quarter worth approximately $33,000. Kings Path Partners LLC purchased a new position in EMX Royalty in the 2nd quarter worth approximately $33,000. Finally, Virtu Financial LLC grew its position in EMX Royalty by 509.6% in the 1st 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 period. 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.