EMX Royalty (NYSEAMERICAN:EMX) Price Target Raised to $7.00 at HC Wainwright

EMX Royalty (NYSEAMERICAN:EMX) had its target price raised by HC Wainwright from $6.75 to $7.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, National Bank Financial began coverage on EMX Royalty in a research report on Tuesday, October 22nd. They set an “outperform” rating for the company.

EMX Royalty Stock Up 1.8 %

Shares of NYSEAMERICAN:EMX opened at $1.73 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 13.15 and a quick ratio of 13.15. The company has a market cap of $191.82 million, a P/E ratio of -43.25 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 released its quarterly earnings results on Monday, August 12th. The company reported ($0.04) EPS for the quarter. EMX Royalty had a negative net margin of 13.73% and a negative return on equity of 3.11%. The firm had revenue of $6.01 million for the quarter. On average, research analysts expect that EMX Royalty will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EMX Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of EMX. Virtu Financial LLC increased 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 buying an additional 96,508 shares during the last quarter. Kings Path Partners LLC purchased a new position in EMX Royalty in the second quarter worth $33,000. Marshall Wace LLP purchased a new position in EMX Royalty in the second quarter worth $33,000. Finally, BNP Paribas Financial Markets increased its stake in EMX Royalty by 26.3% in the third quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock valued at $139,000 after acquiring an additional 16,200 shares during the last quarter. 21.54% of the stock is owned by hedge funds and other 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.