Sprott Inc. Sells 1,186,142 Shares of 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. lessened its holdings in EMX Royalty Corp. (NYSEAMERICAN:EMX - Free Report) by 39.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,828,339 shares of the company's stock after selling 1,186,142 shares during the period. Sprott Inc. owned approximately 1.68% of EMX Royalty worth $3,730,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EMX. Marshall Wace LLP acquired a new position in EMX Royalty in the fourth quarter worth about $61,000. BNP Paribas Financial Markets raised its position 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 purchasing an additional 9,800 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in shares of EMX Royalty during the fourth quarter worth approximately $201,000. Millennium Management LLC increased its holdings in shares of EMX Royalty by 162.3% during the fourth quarter. Millennium Management LLC now owns 68,059 shares of the company's stock worth $118,000 after buying an additional 42,110 shares in the last quarter. Finally, Medici Capital LLC increased its holdings in shares of EMX Royalty by 46.4% during the first quarter. Medici Capital LLC now owns 2,000,850 shares of the company's stock worth $4,088,000 after buying an additional 633,850 shares in the last quarter. Institutional investors and hedge funds own 21.54% of the company's stock.

Analyst Ratings Changes

EMX has been the subject of several recent analyst reports. HC Wainwright raised their price objective on shares of EMX Royalty from $5.00 to $5.75 and gave the stock a "buy" rating in a report on Wednesday, August 13th. National Bankshares reaffirmed an "outperform" rating on shares of EMX Royalty in a report on Wednesday, August 13th. Finally, Zacks Research raised shares of EMX Royalty to a "strong-buy" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $5.75.

EMX Royalty Trading Up 1.3%

EMX stock traded up $0.05 during midday trading on Wednesday, reaching $3.43. The company's stock had a trading volume of 215,143 shares, compared to its average volume of 415,602. EMX Royalty Corp. has a 52 week low of $1.59 and a 52 week high of $3.44. The stock has a market cap of $373.56 million, a PE ratio of 57.09 and a beta of 0.26. The company has a quick ratio of 7.86, a current ratio of 7.86 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $2.91 and its 200-day simple moving average is $2.33.

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.