EMX Royalty (NYSEAMERICAN:EMX) Sets New 12-Month High - Still a Buy?

Key Points

• EMX Royalty shares recently hit a new **52-week high** of **$5.03**, showing a significant increase from its previous closing price of **$4.79**.
• Wall Street analysts have a **consensus price target** of **$5.75** for EMX Royalty, with ratings including three **Buy** and one **Hold** from different brokerages.
• Institutional investors hold **21.54%** of EMX Royalty's stock, with significant increases in holdings from several hedge funds, indicating strong institutional interest in the company.

EMX Royalty Corp. (NYSEAMERICAN:EMX - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $4.89 and last traded at $5.03, with a volume of 13651 shares trading hands. The stock had previously closed at $4.79.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMX. Zacks Research downgraded shares of EMX Royalty from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. National Bankshares reaffirmed an "outperform" rating on shares of EMX Royalty in a research report on Wednesday, August 13th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $5.75 price objective on shares of EMX Royalty in a research report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, EMX Royalty has an average rating of "Moderate Buy" and a consensus price target of $5.75.

EMX Royalty Trading Up 4.5%

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 company's fifty day moving average is $3.58 and its 200-day moving average is $2.74. The firm has a market capitalization of $545.34 million, a P/E ratio of 83.26 and a beta of 0.30.

Institutional Trading of EMX Royalty

Hedge funds have recently bought and sold shares of the stock. Man Group plc raised its stake in shares of EMX Royalty by 136.7% in the 2nd quarter. Man Group plc now owns 368,949 shares of the company's stock valued at $930,000 after buying an additional 213,045 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of EMX Royalty by 22.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 134,700 shares of the company's stock worth $339,000 after purchasing an additional 24,900 shares in the last quarter. Bank of America Corp DE increased its position in shares of EMX Royalty by 2,565.0% during the 2nd quarter. Bank of America Corp DE now owns 266,504 shares of the company's stock worth $672,000 after purchasing an additional 256,504 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in EMX Royalty during the 2nd quarter worth about $126,000. Finally, Marshall Wace LLP grew its holdings in EMX Royalty by 30.5% during the 2nd 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 last quarter. 21.54% of the stock is owned by 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.

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