EMX Royalty (NYSEAMERICAN:EMX) Coverage Initiated by Analysts at National Bank Financial

National Bank Financial initiated coverage on shares of EMX Royalty (NYSEAMERICAN:EMX) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating on the stock. National Bank Financial also issued estimates for EMX Royalty’s Q3 2024 earnings at ($0.01) EPS.

Separately, HC Wainwright lowered their price target on shares of EMX Royalty from $6.75 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

EMX Royalty Trading Down 1.8 %

EMX Royalty stock opened at $1.93 on Tuesday. EMX Royalty has a fifty-two week low of $1.41 and a fifty-two week high of $2.15. The company has a market cap of $217.91 million, a price-to-earnings ratio of -64.17 and a beta of 0.84.

EMX Royalty (NYSEAMERICAN:EMX) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.04) earnings per share for the quarter. The firm 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%. As a group, analysts forecast that EMX Royalty will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On EMX Royalty

A number of hedge funds have recently bought and sold shares of EMX. Virtu Financial LLC raised its holdings 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 buying an additional 96,508 shares during the last quarter. Kings Path Partners LLC purchased a new position in EMX Royalty in the 2nd quarter worth approximately $33,000. Marshall Wace LLP bought a new position in EMX Royalty in the 2nd quarter valued at approximately $33,000. Finally, BNP Paribas Financial Markets boosted its stake in EMX Royalty by 817.6% during the 1st 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 during the last quarter. 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.