EMX Royalty Co. (NYSEAMERICAN:EMX) Sees Large Decrease in Short Interest

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 93,200 shares, a decline of 58.5% from the March 15th total of 224,800 shares. Based on an average daily volume of 402,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their target price on shares of EMX Royalty from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, March 14th.

Institutional Investors Weigh In On EMX Royalty

Several hedge funds have recently modified their holdings of EMX. Sprott Inc. boosted its stake in shares of EMX Royalty by 31.4% in the fourth quarter. Sprott Inc. now owns 3,014,481 shares of the company’s stock valued at $5,219,000 after buying an additional 720,458 shares in the last quarter. Privium Fund Management B.V. acquired a new position in shares of EMX Royalty in the fourth quarter worth $375,000. Eagle Global Advisors LLC acquired a new stake in shares of EMX Royalty during the 4th quarter worth about $201,000. Virtu Financial LLC raised its holdings in EMX Royalty by 161.0% in the 4th quarter. Virtu Financial LLC now owns 90,500 shares of the company’s stock valued at $157,000 after acquiring an additional 55,827 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in EMX Royalty by 12.6% in the 4th quarter. BNP Paribas Financial Markets now owns 87,700 shares of the company’s stock worth $152,000 after buying an additional 9,800 shares during the last quarter. 21.54% of the stock is owned by institutional investors and hedge funds.

EMX Royalty Stock Performance

Shares of EMX stock opened at $2.14 on Wednesday. The stock’s 50-day moving average price is $1.89 and its 200 day moving average price is $1.81. EMX Royalty has a 52-week low of $1.59 and a 52-week high of $2.18. The stock has a market capitalization of $232.83 million, a PE ratio of -53.50 and a beta of 0.81. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 0.30.

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.