EMX Royalty Co. (NYSEAMERICAN:EMX) Sees Significant Drop in Short Interest

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 128,400 shares, a drop of 12.1% from the October 15th total of 146,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 279,800 shares, the short-interest ratio is currently 0.5 days.

EMX Royalty Stock Up 2.3 %

EMX stock traded up $0.04 during midday trading on Monday, reaching $1.77. 467,281 shares of the company’s stock traded hands, compared to its average volume of 287,204. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. EMX Royalty has a 52-week low of $1.41 and a 52-week high of $2.15. The stock has a market cap of $196.26 million, a P/E ratio of -44.25 and a beta of 0.84.

Analyst Upgrades and Downgrades

EMX has been the subject of several recent research reports. National Bank Financial initiated coverage on shares of EMX Royalty in a report on Tuesday, October 22nd. They set an “outperform” rating for the company. HC Wainwright lifted their target price on shares of EMX Royalty from $6.75 to $7.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Hedge Funds Weigh In On EMX Royalty

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in 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 purchasing an additional 13,900 shares in the last quarter. Marshall Wace LLP purchased a new position in EMX Royalty during the second quarter valued at approximately $33,000. Kings Path Partners LLC purchased a new position in EMX Royalty during the second quarter valued at approximately $33,000. Finally, Virtu Financial LLC lifted its holdings in EMX Royalty by 509.6% during the first quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after purchasing an additional 96,508 shares in the last quarter. 21.54% of the stock is owned by institutional investors.

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.