EMX Royalty (CVE:EMX) Sets New 1-Year High - Should You Buy?

Key Points

• EMX Royalty has reached a new 52-week high, trading at C$5.16, up from a previous close of C$4.96 with a trading volume of 20,164 shares.
• Analysts have raised the target price for EMX Royalty from C$5.25 to C$5.75, reflecting a positive outlook with an average rating of "Strong Buy."
• The company's strong financials include a current ratio of 13.15 and a market capitalization of C$576.96 million, suggesting solid liquidity and market position.

EMX Royalty Co. (CVE:EMX - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as C$5.16 and last traded at C$5.16, with a volume of 20164 shares. The stock had previously closed at C$4.96.

Wall Street Analysts Forecast Growth

Separately, National Bankshares increased their price objective 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 analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, EMX Royalty currently has a consensus rating of "Strong Buy" and an average target price of C$5.75.

EMX Royalty Stock Up 6.8%

The firm has a 50-day moving average of C$4.29 and a two-hundred day moving average of C$3.41. The firm has a market cap of C$614.04 million, a price-to-earnings ratio of 112.60 and a beta of -0.05. The company has a current ratio of 13.15, a quick ratio of 4.65 and a debt-to-equity ratio of 29.62.

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.