EMX Royalty (NYSEAMERICAN:EMX) Coverage Initiated by Analysts at National Bank Financial

National Bank Financial initiated coverage on shares of EMX Royalty (NYSEAMERICAN:EMX) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating on the stock.

Separately, HC Wainwright lowered their target price on shares of EMX Royalty from $6.75 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

EMX Royalty Stock Performance

Shares of EMX Royalty stock opened at $2.02 on Tuesday. The company has a market capitalization of $228.10 million, a price-to-earnings ratio of -67.17 and a beta of 0.84. EMX Royalty has a 52 week low of $1.41 and a 52 week high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last announced its earnings results on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.01 million for the quarter. EMX Royalty had a negative return on equity of 2.05% and a negative net margin of 7.44%. Analysts anticipate that EMX Royalty will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On EMX Royalty

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC lifted its holdings in EMX Royalty by 509.6% in the first 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 period. Kings Path Partners LLC acquired a new position in shares of EMX Royalty during the 2nd quarter worth $33,000. Marshall Wace LLP acquired a new position in shares of EMX Royalty during the 2nd quarter worth $33,000. Finally, 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 worth $27,000 after buying an additional 13,900 shares during the last quarter. 21.54% of the stock is currently owned by hedge funds and other institutional investors.

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.