EMX Royalty (NYSEAMERICAN:EMX) Earns "Buy" Rating from HC Wainwright

Key Points

• EMX Royalty has received a "Buy" rating from HC Wainwright, with a target price of $5.75, implying a potential upside of 41.28% from the previous close.
• The stock has shown a price increase of 6.5%, opening at $4.07 and has a market cap of approximately $443.91 million.
• Institutional investors have been active, with notable purchases including Jane Street Group LLC and Goldman Sachs, reflecting growing investor interest in EMX Royalty.

EMX Royalty (NYSEAMERICAN:EMX - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at HC Wainwright in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $5.75 target price on the stock. HC Wainwright's target price suggests a potential upside of 41.28% from the company's previous close.

Several other equities research analysts have also recently commented on EMX. National Bankshares reissued an "outperform" rating on shares of EMX Royalty in a research note on Wednesday, August 13th. Zacks Research raised EMX Royalty to a "strong-buy" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $5.75.

EMX Royalty Trading Up 6.5%

Shares of EMX opened at $4.07 on Monday. The stock has a fifty day moving average price of $3.12 and a two-hundred day moving average price of $2.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.86 and a current ratio of 7.86. EMX Royalty has a 52-week low of $1.59 and a 52-week high of $4.12. The company has a market cap of $443.91 million, a price-to-earnings ratio of 67.84 and a beta of 0.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of EMX Royalty in the first quarter valued at about $30,000. Cubist Systematic Strategies LLC lifted its holdings in shares of EMX Royalty by 97.0% in the first quarter. Cubist Systematic Strategies LLC now owns 23,116 shares of the company's stock valued at $47,000 after purchasing an additional 11,383 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of EMX Royalty in the first quarter valued at about $58,000. Goldman Sachs Group Inc. raised its holdings in EMX Royalty by 78.5% during the first quarter. Goldman Sachs Group Inc. now owns 42,640 shares of the company's stock worth $87,000 after acquiring an additional 18,753 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in EMX Royalty in the first quarter valued at approximately $89,000. 21.54% of the stock is owned by institutional investors and hedge funds.

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.

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