EMX Royalty (NYSEAMERICAN:EMX) Given "Buy" Rating at 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 investment analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They currently have a $5.75 price objective on the stock. HC Wainwright's target price points to a potential upside of 37.23% from the stock's current price.

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

EMX Royalty Stock Performance

Shares of EMX remained flat at $4.19 during trading hours on Monday. 938,124 shares of the stock were exchanged, compared to its average volume of 912,886. The stock has a market capitalization of $456.37 million, a price-to-earnings ratio of 69.84 and a beta of 0.30. EMX Royalty has a 1 year low of $1.65 and a 1 year high of $4.44. The company has a current ratio of 7.86, a quick ratio of 7.86 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $3.27 and a two-hundred day moving average of $2.53.

Institutional Trading of EMX Royalty

Hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its stake in EMX Royalty by 3.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 182,766 shares of the company's stock worth $373,000 after acquiring an additional 5,426 shares during the period. XTX Topco Ltd purchased a new stake in EMX Royalty in the first quarter worth about $89,000. Millennium Management LLC lifted its stake in EMX Royalty by 162.3% in the fourth quarter. Millennium Management LLC now owns 68,059 shares of the company's stock worth $118,000 after acquiring an additional 42,110 shares during the period. BNP Paribas Financial Markets lifted its stake in EMX Royalty by 12.6% in the fourth quarter. BNP Paribas Financial Markets now owns 87,700 shares of the company's stock worth $152,000 after acquiring an additional 9,800 shares during the period. Finally, Medici Capital LLC lifted its stake in EMX Royalty by 46.4% in the first quarter. Medici Capital LLC now owns 2,000,850 shares of the company's stock worth $4,088,000 after acquiring an additional 633,850 shares during the period. 21.54% of the stock is owned by hedge funds and other institutional investors.

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.