EMX Royalty (CVE:EMX) Hits New 1-Year High - What's Next?

Key Points

• EMX Royalty Co. reached a new 52-week high of C$7.38 during trading, showcasing significant stock performance with a trading volume of 60,876 shares.
• National Bankshares revised their target price for EMX Royalty from C$5.25 to C$5.75, rating the stock as "outperform" and contributing to a consensus rating of "Strong Buy."
• The company currently has a market capitalization of C$809.60 million, with a price-to-earnings ratio of 148.60, indicating high investor expectations.

EMX Royalty Co. (CVE:EMX - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$7.38 and last traded at C$7.38, with a volume of 60876 shares changing hands. The stock had previously closed at C$6.90.

Analysts Set New Price Targets

Separately, National Bankshares lifted their target price on EMX Royalty from C$5.25 to C$5.75 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Strong Buy" and an average target price of C$5.75.

EMX Royalty Stock Performance

The stock has a market cap of C$809.60 million, a price-to-earnings ratio of 148.60 and a beta of 0.40. The company's 50 day simple moving average is C$5.22 and its 200 day simple moving average is C$3.93. The company has a debt-to-equity ratio of 29.62, a quick ratio of 4.65 and a current ratio of 13.15.

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.

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