Analysts Set Expectations for EMX Royalty FY2024 Earnings

EMX Royalty Co. (CVE:EMX) – Equities researchers at HC Wainwright increased their FY2024 earnings estimates for shares of EMX Royalty in a research note issued on Tuesday, November 12th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.06) per share for the year, up from their prior forecast of ($0.07). The consensus estimate for EMX Royalty’s current full-year earnings is $0.01 per share.

Separately, National Bank Financial upgraded shares of EMX Royalty to a “strong-buy” rating in a report on Monday, October 21st.

EMX Royalty Price Performance

EMX opened at C$2.38 on Thursday. The company has a current ratio of 0.94, a quick ratio of 4.65 and a debt-to-equity ratio of 28.76. The business’s fifty day simple moving average is C$2.48 and its 200-day simple moving average is C$2.50. The company has a market capitalization of C$270.20 million, a price-to-earnings ratio of -79.33 and a beta of 0.85. EMX Royalty has a 12-month low of C$1.91 and a 12-month high of C$2.92.

EMX Royalty (CVE:EMX) last announced its quarterly earnings data on Monday, August 12th. The company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$8.22 million during the quarter. EMX Royalty had a negative return on equity of 2.11% and a negative net margin of 7.44%.

Insider Activity at EMX Royalty

In related news, Senior Officer Christina Cepeliauskas sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of C$2.57, for a total transaction of C$51,424.00. In other news, Director David M. Cole bought 200,000 shares of EMX Royalty stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average price of C$2.05 per share, for a total transaction of C$410,000.00. Also, Senior Officer Christina Cepeliauskas sold 20,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of C$2.57, for a total transaction of C$51,424.00. 18.66% of the stock is owned by corporate insiders.

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.