HC Wainwright Decreases Earnings Estimates for EMX Royalty

EMX Royalty Co. (NYSEAMERICAN:EMX) – Analysts at HC Wainwright reduced their FY2024 earnings estimates for shares of EMX Royalty in a research note issued to investors on Wednesday, October 23rd. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.05) per share for the year, down from their prior estimate of ($0.03). HC Wainwright has a “Buy” rating and a $6.75 price target on the stock. The consensus estimate for EMX Royalty’s current full-year earnings is ($0.03) per share.

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

Separately, National Bank Financial assumed coverage on shares of EMX Royalty in a research note on Tuesday. They issued an “outperform” rating for the company.

EMX Royalty Price Performance

Shares of NYSEAMERICAN EMX opened at $1.96 on Friday. The firm has a market capitalization of $221.87 million, a P/E ratio of -65.33 and a beta of 0.84. EMX Royalty has a 1-year low of $1.41 and a 1-year high of $2.15.

Hedge Funds Weigh In On EMX Royalty

A number of large investors have recently modified their holdings of EMX. BNP Paribas Financial Markets raised its holdings in shares of EMX Royalty by 817.6% in 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 period. Virtu Financial LLC raised 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 valued at $199,000 after purchasing an additional 96,508 shares during the period. Kings Path Partners LLC bought a new stake in shares of EMX Royalty in the 2nd quarter valued at about $33,000. Finally, Marshall Wace LLP bought a new stake in shares of EMX Royalty in the 2nd quarter valued at about $33,000. 21.54% of the stock is currently owned by institutional investors and hedge funds.

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.