EMX Royalty (NYSEAMERICAN:EMX) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• EMX Royalty experienced a significant increase in trading volume, with approximately 738,096 shares traded, a 42% rise from the previous session.
• Analyst ratings show a mixed outlook, with Zacks Research downgrading EMX from a "strong-buy" to a "hold," while HC Wainwright maintains a "buy" rating and sets a target price of $5.75.
• Institutional investors have increased their holdings, with notable increases from Bank of America Corp DE (up 2,565%) and Arrowstreet Capital (up 339.8%) during Q2.

EMX Royalty Corp. (NYSEAMERICAN:EMX - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 738,096 shares changed hands during trading, an increase of 42% from the previous session's volume of 521,237 shares.The stock last traded at $5.03 and had previously closed at $5.04.

Wall Street Analyst Weigh In

EMX has been the subject of a number of analyst reports. Zacks Research cut shares of EMX Royalty from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 24th. National Bankshares reiterated an "outperform" rating on shares of EMX Royalty in a report on Wednesday, August 13th. Finally, HC Wainwright reiterated a "buy" rating and issued a $5.75 price target on shares of EMX Royalty in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $5.75.

EMX Royalty Price Performance

The company has a market capitalization of $541.53 million, a P/E ratio of 82.85 and a beta of 0.33. The company's 50-day moving average price is $3.74 and its two-hundred day moving average price is $2.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.86 and a quick ratio of 7.86.

Hedge Funds Weigh In On EMX Royalty

Several large investors have recently modified their holdings of the stock. Medici Capital LLC raised its position in shares of EMX Royalty by 5.4% in the second quarter. Medici Capital LLC now owns 2,107,927 shares of the company's stock valued at $5,300,000 after purchasing an additional 107,077 shares during the period. Marshall Wace LLP increased its position in EMX Royalty by 30.5% during the second quarter. Marshall Wace LLP now owns 1,304,509 shares of the company's stock worth $3,287,000 after acquiring an additional 305,232 shares during the period. Arrowstreet Capital Limited Partnership increased its position in EMX Royalty by 339.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 381,695 shares of the company's stock worth $962,000 after acquiring an additional 294,915 shares during the period. Man Group plc increased its position in EMX Royalty by 136.7% during the second quarter. Man Group plc now owns 368,949 shares of the company's stock worth $930,000 after acquiring an additional 213,045 shares during the period. Finally, Bank of America Corp DE increased its position in EMX Royalty by 2,565.0% during the second quarter. Bank of America Corp DE now owns 266,504 shares of the company's stock worth $672,000 after acquiring an additional 256,504 shares during the period. 21.54% of the stock is owned by institutional investors.

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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