EMX Royalty FY2024 EPS Forecast Reduced by HC Wainwright

EMX Royalty Co. (CVE:EMX) – Stock analysts at HC Wainwright decreased their FY2024 earnings per share (EPS) estimates for shares of EMX Royalty in a research note issued on Wednesday, October 23rd. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.07) for the year, down from their prior forecast of ($0.04). The consensus estimate for EMX Royalty’s current full-year earnings is $0.01 per share.

EMX Royalty (CVE:EMX) last posted 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 for the quarter. EMX Royalty had a negative return on equity of 2.11% and a negative net margin of 7.44%.

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

EMX Royalty Stock Performance

EMX stock opened at C$2.68 on Friday. The company has a quick ratio of 4.65, a current ratio of 0.94 and a debt-to-equity ratio of 28.76. The firm has a market cap of C$304.26 million, a PE ratio of -89.33 and a beta of 0.85. The business has a 50 day moving average of C$2.43 and a 200-day moving average of C$2.51. EMX Royalty has a 12-month low of C$1.91 and a 12-month high of C$2.92.

Insider Activity at EMX Royalty

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

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.