Shares of EMX Royalty (NYSEAMERICAN:EMX) Up 1.1% – Time to Buy?

EMX Royalty Co. (NYSEAMERICAN:EMX – Get Your Free Report ) was up 1.1% during mid-day trading on Monday. The company traded as high as $1.81 and last traded at $1.79. About 264,034 shares changed hands in mid-day trading, down 8% from the average daily volume of 286,469 shares. The stock had previously closed at $1.77.

The Wall Street analyst weighs in

Separately, HC Wainwright decreased their price target on shares of EMX Royalty from $6.75 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

Get the latest report on EMX Royalty

Stock EMX performance

The company has a market cap of $199.80 million, a price-to-earnings ratio of -58.83 and a beta of 0.84.

EMX Royalty (NYSEAMERICAN:EMX – Get Your Free Report ) last released its quarterly earnings results 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, equities analysts predict that EMX Royalty Co. will post -0.03 EPS for the current fiscal year.

Institutional investors intervene on EMX copyright

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 period. Virtu Financial LLC boosted its holdings in EMX Royalty by 509.6% in 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. Kings Path Partners LLC bought a new position in EMX Royalty in the second quarter valued at about $33,000. Finally, Marshall Wace LLP purchased a new position in EMX Royalty during the second quarter valued at approximately $33,000. 21.54% of the shares are currently held by institutional investors.

About EMX Royalty

(Get a free report)

EMX Royalty Corporation, together with its subsidiaries, explores and generates royalties from metal and mineral properties. Explore deposits of gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum and iron, as well as batteries, precious and base metals.

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