EMX Royalty (NYSEAMERICAN:EMX) PT Raised to $6.75

EMX Royalty (NYSEAMERICAN:EMX) had its target price boosted by research analysts at HC Wainwright from $6.50 to $6.75 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price objective would suggest a potential upside of 244.39% from the stock’s current price. HC Wainwright also issued estimates for EMX Royalty’s FY2025 earnings at $0.00 EPS.

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

EMX Royalty Stock Up 0.5 %

NYSEAMERICAN:EMX opened at $1.96 on Wednesday. The company has a market capitalization of $221.87 million, a P/E ratio of -65.33 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 announced its quarterly earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The company had revenue of $6.01 million during the quarter. EMX Royalty had a negative return on equity of 2.05% and a negative net margin of 7.44%. On average, equities analysts forecast that EMX Royalty will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On EMX Royalty

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake in shares of EMX Royalty by 817.6% during the first quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock valued at $27,000 after buying an additional 13,900 shares during the period. Marshall Wace LLP purchased a new position in shares of EMX Royalty during the second quarter valued at approximately $33,000. Kings Path Partners LLC purchased a new position in shares of EMX Royalty during the second quarter valued at approximately $33,000. Finally, Virtu Financial LLC grew its stake in EMX Royalty by 509.6% in the first quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock worth $199,000 after purchasing an additional 96,508 shares during the period. 21.54% of the stock is owned by hedge funds and other 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.