EMX Royalty (CVE:EMX) Reaches New 52-Week High - Still a Buy?

Key Points

• EMX Royalty's stock hit a new 52-week high at C$7.13, closing at C$7.08 with a trading volume of 325,319 shares.
• National Bankshares raised their target price for EMX Royalty from C$5.25 to C$5.75, while the stock maintains an average rating of "Strong Buy."
• The company has a market cap of C$761.36 million and shows strong financial metrics, including a current ratio of 13.15 and a quick ratio of 4.65.

EMX Royalty Co. (CVE:EMX - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as C$7.13 and last traded at C$7.08, with a volume of 325319 shares. The stock had previously closed at C$6.64.

Analyst Ratings Changes

Separately, National Bankshares increased their target price on EMX Royalty from C$5.25 to C$5.75 and gave the company an "outperform" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat, EMX Royalty currently has an average rating of "Strong Buy" and an average target price of C$5.75.

EMX Royalty Price Performance

The firm has a market cap of C$761.36 million, a price-to-earnings ratio of 139.80 and a beta of -0.05. The stock has a 50-day moving average price of C$4.93 and a 200 day moving average price of C$3.78. The company has a debt-to-equity ratio of 29.62, a current ratio of 13.15 and a quick ratio of 4.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.