National Bank Financial Weighs in on EMX Royalty Q3 Earnings

EMX Royalty Co. (NYSEAMERICAN:EMX) – National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for EMX Royalty in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle forecasts that the company will post earnings per share of ($0.01) 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 target price on EMX Royalty from $6.50 to $6.75 and gave the company a “buy” rating in a research note on Wednesday.

EMX Royalty Stock Performance

Shares of NYSEAMERICAN:EMX opened at $1.93 on Friday. 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 52-week low of $1.41 and a 52-week high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last posted its earnings results on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $6.01 million during the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%.

Hedge Funds Weigh In On EMX Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of EMX. Virtu Financial LLC boosted 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 valued at $199,000 after purchasing an additional 96,508 shares during the period. Kings Path Partners LLC acquired a new position in shares of EMX Royalty during the second quarter valued at about $33,000. Marshall Wace LLP bought a new stake in shares of EMX Royalty in the second quarter valued at about $33,000. Finally, BNP Paribas Financial Markets grew its position in EMX Royalty by 817.6% during the first quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock worth $27,000 after buying an additional 13,900 shares in 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.