EMX Royalty (CVE:EMX) Trading Up 2.4% - Still a Buy?

Key Points

• EMX Royalty Co. (CVE:EMX) shares rose 2.4%, closing at C$4.26 with increased trading volume of approximately 66,208 shares.
• National Bankshares raised its target price for EMX Royalty from C$4.50 to C$4.75, rating the company as "outperform."
• EMX Royalty focuses on exploring and generating royalties from various metals and minerals including gold, silver, and copper.

EMX Royalty Co. (CVE:EMX - Get Free Report)'s share price shot up 2.4% on Friday . The stock traded as high as C$4.33 and last traded at C$4.26. 66,208 shares were traded during trading, an increase of 26% from the average session volume of 52,497 shares. The stock had previously closed at C$4.16.

Wall Street Analyst Weigh In

Separately, National Bankshares upped their price objective on shares of EMX Royalty from C$5.25 to C$5.75 and gave the stock an "outperform" rating in a research note on Wednesday.

EMX Royalty Price Performance

The stock's 50-day moving average price is C$3.76 and its 200-day moving average price is C$3.14. The company has a market capitalization of C$355.24 million, a price-to-earnings ratio of -99.71 and a beta of 0.85. The company has a quick ratio of 4.65, a current ratio of 13.15 and a debt-to-equity ratio of 29.62.

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.