HC Wainwright Boosts EMX Royalty (NYSEAMERICAN:EMX) Price Target to $6.75

EMX Royalty (NYSEAMERICAN:EMX) had its price objective increased by HC Wainwright from $6.50 to $6.75 in a research note published on Wednesday, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for EMX Royalty’s FY2024 earnings at ($0.05) EPS and FY2025 earnings at $0.00 EPS.

Separately, National Bank Financial assumed coverage on shares of EMX Royalty in a research note on Tuesday. They issued an “outperform” rating for the company.

EMX Royalty Stock Performance

Shares of EMX stock opened at $1.93 on Wednesday. EMX Royalty has a fifty-two week low of $1.41 and a fifty-two week high of $2.15. The firm has a market capitalization of $217.91 million, a price-to-earnings ratio of -64.17 and a beta of 0.84.

EMX Royalty (NYSEAMERICAN:EMX) last released 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 net margin of 7.44% and a negative return on equity of 2.05%. On average, analysts forecast that EMX Royalty will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC grew its holdings in EMX Royalty by 509.6% during the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock worth $199,000 after acquiring an additional 96,508 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of EMX Royalty in the second quarter worth $33,000. Marshall Wace LLP acquired a new stake in EMX Royalty in the second quarter valued at $33,000. Finally, BNP Paribas Financial Markets raised its position in EMX Royalty by 817.6% during 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 during the last quarter. Institutional investors and hedge funds own 21.54% of the company’s stock.

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.