HC Wainwright Issues Positive Forecast for EMX Royalty (NYSEAMERICAN:EMX) Stock Price

EMX Royalty (NYSEAMERICAN:EMX) had its target price upped by HC Wainwright from $6.75 to $7.00 in a report issued on Tuesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Separately, National Bank Financial initiated coverage on EMX Royalty in a report on Tuesday, October 22nd. They set an “outperform” rating on the stock.

EMX Royalty Price Performance

Shares of EMX Royalty stock opened at $1.75 on Tuesday. EMX Royalty has a 52-week low of $1.41 and a 52-week high of $2.15. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $193.49 million, a P/E ratio of -43.63 and a beta of 0.84.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in EMX Royalty by 817.6% in the first quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock valued at $27,000 after purchasing an additional 13,900 shares in the last quarter. Virtu Financial LLC raised its holdings in EMX Royalty by 509.6% in the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after buying an additional 96,508 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of EMX Royalty during the second quarter worth $33,000. Finally, Kings Path Partners LLC acquired a new position in EMX Royalty during the 2nd quarter worth about $33,000. Institutional investors 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.