HC Wainwright Forecasts Strong Price Appreciation for EMX Royalty (NYSEAMERICAN:EMX) Stock

EMX Royalty (NYSEAMERICAN:EMX) had its price target upped by HC Wainwright from $6.75 to $7.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 311.76% from the company’s previous close.

Separately, National Bank Financial started coverage on EMX Royalty in a research report on Tuesday, October 22nd. They set an “outperform” rating on the stock.

EMX Royalty Price Performance

NYSEAMERICAN EMX opened at $1.70 on Tuesday. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $188.50 million, a P/E ratio of -42.50 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 posted 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 during the quarter. EMX Royalty had a negative return on equity of 3.11% and a negative net margin of 13.73%. As a group, research analysts predict that EMX Royalty will post -0.05 EPS for the current fiscal year.

Institutional Trading of EMX Royalty

Several large investors have recently bought and sold shares of EMX. BNP Paribas Financial Markets boosted its position in shares of EMX Royalty by 817.6% in the 1st 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 in the last quarter. Virtu Financial LLC boosted its position in shares of 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 in the last quarter. Kings Path Partners LLC bought a new stake in shares of EMX Royalty in the 2nd quarter worth approximately $33,000. Finally, Marshall Wace LLP bought a new stake in shares of EMX Royalty in the 2nd quarter worth approximately $33,000. 21.54% of the stock is owned by institutional investors.

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.