Euro Pacific Asset Management LLC Sells 314,805 Shares of EMX Royalty Corp. $EMX

Key Points

• Euro Pacific Asset Management LLC reduced its stake in EMX Royalty Corp. by 45.4%, selling 314,805 shares, and now holds 378,366 shares valued at approximately $953,000.
• Other hedge funds have also modified their holdings; notably, Millennium Management LLC increased its stake by 162.3%, while Medici Capital LLC boosted its position by 46.4%.
• Analysts have given EMX shares a consensus rating of "Moderate Buy" with an average price target of $5.75, despite Zacks downgrading the stock from "strong-buy" to "hold."

Euro Pacific Asset Management LLC cut its stake in EMX Royalty Corp. (NYSEAMERICAN:EMX - Free Report) by 45.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,366 shares of the company's stock after selling 314,805 shares during the period. Euro Pacific Asset Management LLC owned 0.35% of EMX Royalty worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EMX. Millennium Management LLC increased its holdings in shares of EMX Royalty by 162.3% in the fourth quarter. Millennium Management LLC now owns 68,059 shares of the company's stock valued at $118,000 after purchasing an additional 42,110 shares in the last quarter. Medici Capital LLC boosted its position in EMX Royalty by 46.4% in the 1st quarter. Medici Capital LLC now owns 2,000,850 shares of the company's stock valued at $4,088,000 after buying an additional 633,850 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of EMX Royalty by 3.1% in 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. XTX Topco Ltd bought a new stake in shares of EMX Royalty during the first quarter worth $89,000. Finally, Eagle Global Advisors LLC lifted its stake in shares of EMX Royalty by 5.2% during the first quarter. Eagle Global Advisors LLC now owns 121,900 shares of the company's stock valued at $249,000 after acquiring an additional 6,000 shares during the period. 21.54% of the stock is owned by institutional investors.

EMX Royalty Price Performance

EMX Royalty stock opened at $5.31 on Tuesday. 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 firm has a market capitalization of $578.58 million, a P/E ratio of 88.51 and a beta of 0.33. The business has a 50-day moving average of $3.82 and a 200-day moving average of $2.87. EMX Royalty Corp. has a 1 year low of $1.65 and a 1 year high of $5.38.

Wall Street Analyst Weigh In

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

EMX Royalty 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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