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

National Bank Financial began coverage on shares of EMX Royalty (NYSEAMERICAN:EMX) in a research report sent to investors on Tuesday, Marketbeat 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 cut 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 Price Performance

EMX opened at $1.93 on Tuesday. The stock has a market capitalization of $217.91 million, a PE ratio of -64.17 and a beta of 0.84. EMX Royalty has a 12-month low of $1.41 and a 12-month high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The business had revenue of $6.01 million for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. As a group, equities research analysts expect that EMX Royalty will post -0.03 EPS for the current year.

Institutional Investors Weigh In On EMX Royalty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC grew 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 worth $199,000 after acquiring an additional 96,508 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of EMX Royalty in the second quarter worth about $33,000. Marshall Wace LLP purchased a new position in EMX Royalty during the 2nd quarter valued at about $33,000. Finally, BNP Paribas Financial Markets raised its position 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. 21.54% of the stock is currently owned by institutional investors.

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.