EMX Royalty’s (EMX) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of EMX Royalty (NYSEAMERICAN:EMX) in a report published on Wednesday, Benzinga reports. HC Wainwright currently has a $6.50 price target on the stock.

EMX Royalty Stock Performance

EMX Royalty stock opened at $1.74 on Wednesday. The company has a market capitalization of $194.77 million, a price-to-earnings ratio of -43.38 and a beta of 0.73. EMX Royalty has a 12 month low of $1.41 and a 12 month high of $2.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 5.93 and a current ratio of 5.93.

EMX Royalty (NYSEAMERICAN:EMX) last announced its quarterly earnings results on Monday, March 25th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $7.55 million for the quarter. EMX Royalty had a negative net margin of 17.40% and a negative return on equity of 3.96%.

Institutional Investors Weigh In On EMX Royalty

Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its position in shares of EMX Royalty by 441.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 83,848 shares of the company’s stock valued at $182,000 after buying an additional 68,348 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in EMX Royalty by 24.2% during the first quarter. Renaissance Technologies LLC now owns 101,200 shares of the company’s stock valued at $220,000 after purchasing an additional 19,729 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of EMX Royalty in the second quarter valued at about $33,000. Millennium Management LLC purchased a new stake in shares of EMX Royalty during the second quarter worth about $33,000. Finally, UBS Group AG raised its position in shares of EMX Royalty by 251.6% during the 3rd quarter. UBS Group AG now owns 14,202 shares of the company’s stock worth $27,000 after purchasing an additional 10,163 shares during the last quarter. 21.54% of the stock is currently owned by institutional investors and hedge funds.

EMX Royalty Company Profile

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores for gold, silver, platinum, palladium, copper, lead, zinc, nickel, cobalt, volcanogenic massive sulfide, molybdenum, and iron deposits. The company's royalty and exploration portfolio primarily consist of properties in North America, Turkey, Europe, Australia, and Latin America.