EMX Royalty (NYSEAMERICAN:EMX) Price Target Lowered to $6.50 at HC Wainwright

EMX Royalty (NYSEAMERICAN:EMX) had its price objective reduced by HC Wainwright from $6.75 to $6.50 in a report released on Wednesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for EMX Royalty’s FY2024 earnings at ($0.03) EPS.

EMX Royalty Stock Down 0.6 %

Shares of NYSEAMERICAN:EMX opened at $1.68 on Wednesday. The stock has a market capitalization of $190.92 million, a P/E ratio of -56.00 and a beta of 0.84. EMX Royalty has a 12 month low of $1.41 and a 12 month high of $2.15.

Hedge Funds Weigh In On EMX Royalty

A number of institutional investors and hedge funds have recently modified their holdings of EMX. Marshall Wace LLP bought a new stake in EMX Royalty in the second quarter worth $33,000. Kings Path Partners LLC purchased a new stake in shares of EMX Royalty in the second quarter valued at $33,000. Virtu Financial LLC lifted its holdings in shares of EMX Royalty by 509.6% in 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. BNP Paribas Financial Markets boosted its stake in shares of 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 period. Finally, HTLF Bank bought a new position in EMX Royalty during the 4th quarter valued at about $81,000. Hedge funds and other institutional investors own 21.54% of the company’s stock.

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.