Sprott Inc. Trims Holdings in EMX Royalty Corp. $EMX

Key Points

• Sprott Inc. reduced its stake in EMX Royalty Corp. by 39.3%, selling over 1.1 million shares and currently owning approximately 1.68% of the company.
• EMX Royalty shares experienced a 1.6% decline, with a market cap of $339.21 million and trading at $3.11.
• Analysts have recently improved their outlook on EMX Royalty, with HC Wainwright raising the target price to $5.75 and a consensus rating of "Buy."

Sprott Inc. trimmed its holdings in EMX Royalty Corp. (NYSEAMERICAN:EMX - Free Report) by 39.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,828,339 shares of the company's stock after selling 1,186,142 shares during the quarter. Sprott Inc. owned approximately 1.68% of EMX Royalty worth $3,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Medici Capital LLC raised its holdings in shares of EMX Royalty by 46.4% during the 1st 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 in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in EMX Royalty by 3.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 182,766 shares of the company's stock valued at $373,000 after buying an additional 5,426 shares during the period. Eagle Global Advisors LLC raised its holdings in EMX Royalty by 5.2% during the 1st quarter. Eagle Global Advisors LLC now owns 121,900 shares of the company's stock valued at $249,000 after buying an additional 6,000 shares during the period. BNP Paribas Financial Markets grew its position in EMX Royalty by 12.6% in the 4th quarter. BNP Paribas Financial Markets now owns 87,700 shares of the company's stock valued at $152,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Millennium Management LLC grew its position in EMX Royalty by 162.3% in the 4th quarter. Millennium Management LLC now owns 68,059 shares of the company's stock valued at $118,000 after acquiring an additional 42,110 shares during the last quarter. 21.54% of the stock is currently owned by institutional investors.

EMX Royalty Stock Up 1.5%

NYSEAMERICAN EMX traded up $0.05 during trading on Tuesday, hitting $3.38. The company's stock had a trading volume of 523,741 shares, compared to its average volume of 416,737. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.86 and a quick ratio of 7.86. The company has a market cap of $368.66 million, a PE ratio of 56.34 and a beta of 0.26. The business's 50 day simple moving average is $2.89 and its 200-day simple moving average is $2.31. EMX Royalty Corp. has a fifty-two week low of $1.59 and a fifty-two week high of $3.43.

Analysts Set New Price Targets

EMX has been the topic of several research reports. National Bankshares restated 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 report on Monday, August 11th. Finally, HC Wainwright raised their price objective on EMX Royalty from $5.00 to $5.75 and gave the company a "buy" rating in a research report 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $5.75.

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.