HC Wainwright Reduces Earnings Estimates for EMX Royalty

EMX Royalty Co. (NYSEAMERICAN:EMX) – Investment analysts at HC Wainwright cut their FY2024 earnings per share estimates for EMX Royalty in a research report issued on Wednesday, October 23rd. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.05) per share for the year, down from their previous estimate of ($0.03). HC Wainwright has a “Buy” rating and a $6.75 price objective on the stock. The consensus estimate for EMX Royalty’s current full-year earnings is ($0.03) per share.

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

EMX Royalty Stock Performance

Shares of NYSEAMERICAN:EMX opened at $1.92 on Friday. EMX Royalty has a 52-week low of $1.41 and a 52-week high of $2.15.

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

Hedge Funds Weigh In On EMX Royalty

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in EMX Royalty by 817.6% in the first quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock valued at $27,000 after acquiring an additional 13,900 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of EMX Royalty in the 2nd quarter valued at $33,000. Kings Path Partners LLC acquired a new stake in shares of EMX Royalty during the second quarter worth $33,000. Finally, Virtu Financial LLC raised its stake in EMX Royalty by 509.6% during 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. 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.