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

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

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

EMX opened at $1.75 on Tuesday. EMX Royalty has a twelve month low of $1.41 and a twelve month high of $2.15. The stock has a market capitalization of $194.04 million, a price-to-earnings ratio of -43.75 and a beta of 0.84.

EMX Royalty (NYSEAMERICAN:EMX) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.04) earnings per share for the quarter. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. The firm had revenue of $6.01 million for the quarter. As a group, research analysts anticipate 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 hedge funds and other institutional investors have recently bought and sold shares of EMX. BNP Paribas Financial Markets grew its stake in EMX Royalty by 817.6% in the 1st 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. Virtu Financial LLC increased its stake in EMX Royalty by 509.6% in the first quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after acquiring an additional 96,508 shares during the last quarter. Marshall Wace LLP bought a new position in EMX Royalty in the second quarter valued at $33,000. Finally, Kings Path Partners LLC purchased a new stake in EMX Royalty during the second quarter valued at about $33,000. Institutional investors 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.