National Bank Financial Comments on EMX Royalty Q3 Earnings

EMX Royalty Co. (NYSEAMERICAN:EMX) – Equities researchers at National Bank Financial issued their Q3 2024 EPS estimates for EMX Royalty in a report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle forecasts that the company will earn ($0.01) per share for the quarter. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for EMX Royalty’s current full-year earnings is ($0.03) per share.

Separately, HC Wainwright increased their price target on shares of EMX Royalty from $6.50 to $6.75 and gave the stock a “buy” rating in a research report on Wednesday.

EMX Royalty Stock Up 0.5 %

NYSEAMERICAN EMX opened at $1.96 on Friday. The company has a market capitalization of $221.87 million, a PE ratio of -65.33 and a beta of 0.84. EMX Royalty has a 52-week low of $1.41 and a 52-week high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.04) earnings per share (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%.

Hedge Funds Weigh In On EMX Royalty

A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC increased 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 acquired a new position in EMX Royalty in the second quarter worth approximately $33,000. Marshall Wace LLP acquired a new position in EMX Royalty during the second quarter valued at approximately $33,000. Finally, BNP Paribas Financial Markets grew 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 during the last quarter. Institutional investors and hedge funds 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.