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

Key Points

• EMX Royalty's share price recently hit a new 12-month high of C$4.66, with the stock last trading at C$4.58 and a daily volume of 40,337 shares.
• National Bankshares has upgraded EMX Royalty's price target from C$5.25 to C$5.75, maintaining an "outperform" rating, while the company holds an average rating of "Strong Buy."
• EMX Royalty has strong liquidity ratios, including a quick ratio of 4.65 and a current ratio of 13.15, alongside a market capitalization of C$359.94 million.

EMX Royalty Co. (CVE:EMX - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$4.66 and last traded at C$4.58, with a volume of 40337 shares traded. The stock had previously closed at C$4.58.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their price target 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 issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Strong Buy" and an average target price of C$5.75.

EMX Royalty Trading Up 1.9%

The company has a current ratio of 13.15, a quick ratio of 4.65 and a debt-to-equity ratio of 29.62. The company has a fifty day moving average of C$4.03 and a two-hundred day moving average of C$3.29. The stock has a market capitalization of C$380.28 million, a price-to-earnings ratio of -106.74 and a beta of 0.85.

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.