EMX Royalty (NYSEAMERICAN:EMX) Trading Down 5.4% - Time to Sell?

Key Points

• EMX Royalty's share price decreased by 5.4% to $4.89, with trading volume down 30% compared to its average session.
• Analysts' ratings for EMX Royalty include three "Buy" ratings and one "Hold," with a consensus target price of $5.75.
• Institutional investors, including Goldman Sachs and Jane Street Group, have been active in purchasing and increasing stakes in EMX Royalty, indicating continued interest in the stock.

EMX Royalty Corp. (NYSEAMERICAN:EMX - Get Free Report)'s share price fell 5.4% during mid-day trading on Thursday . The company traded as low as $5.01 and last traded at $4.89. 358,655 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 514,750 shares. The stock had previously closed at $5.17.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EMX. National Bankshares reissued an "outperform" rating on shares of EMX Royalty in a research note on Wednesday, August 13th. HC Wainwright reissued a "buy" rating and issued a $5.75 price target on shares of EMX Royalty in a research note on Monday, September 8th. Finally, Zacks Research cut shares of EMX Royalty from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5.75.

EMX Royalty Stock Performance

The stock has a market capitalization of $544.69 million, a PE ratio of 83.16 and a beta of 0.33. The firm's fifty day moving average is $3.70 and its 200-day moving average is $2.79. The company has a current ratio of 7.86, a quick ratio of 7.86 and a debt-to-equity ratio of 0.21.

Institutional Trading of EMX Royalty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in EMX Royalty in the 1st quarter valued at about $30,000. Cubist Systematic Strategies LLC raised its holdings in EMX Royalty by 97.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 23,116 shares of the company's stock valued at $47,000 after buying an additional 11,383 shares during the period. Russell Investments Group Ltd. purchased a new stake in EMX Royalty during the first quarter worth about $58,000. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 18,753 shares during the period. Finally, XTX Topco Ltd purchased a new stake in EMX Royalty during the first quarter worth about $89,000. 21.54% of the stock is currently 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.

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