Brokers Issue Forecasts for EMX Royalty FY2024 Earnings

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

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

EMX Royalty Stock Up 2.5 %

Shares of CVE EMX opened at C$2.44 on Thursday. The stock has a market cap of C$277.01 million, a PE ratio of -81.33 and a beta of 0.85. The company has a current ratio of 0.94, a quick ratio of 4.65 and a debt-to-equity ratio of 28.76. EMX Royalty has a 12-month low of C$1.91 and a 12-month high of C$2.92. The company has a 50-day moving average of C$2.48 and a 200 day moving average of C$2.50.

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

Insiders Place Their Bets

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