HC Wainwright Issues Positive Forecast for EMX Royalty (NYSEAMERICAN:EMX) Stock Price

EMX Royalty (NYSEAMERICAN:EMX) had its target price increased by HC Wainwright from $6.75 to $7.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, National Bank Financial initiated coverage on shares of EMX Royalty in a report on Tuesday, October 22nd. They issued an “outperform” rating for the company.

EMX Royalty Trading Up 0.6 %

Shares of NYSEAMERICAN:EMX opened at $1.75 on Tuesday. The stock has a market cap of $194.04 million, a P/E ratio of -43.75 and a beta of 0.84. EMX Royalty has a 1 year low of $1.41 and a 1 year high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last announced its earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. The business had revenue of $6.01 million for the quarter. On average, analysts expect that EMX Royalty will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EMX. BNP Paribas Financial Markets grew its stake in 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 period. Marshall Wace LLP purchased a new stake in shares of EMX Royalty in the 2nd quarter worth about $33,000. Kings Path Partners LLC bought a new position in shares of EMX Royalty in the 2nd quarter worth about $33,000. Finally, Virtu Financial LLC lifted its position in EMX Royalty by 509.6% during the 1st 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. 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.