EMX Royalty Corp. $EMX Position Raised by Medici Capital LLC

Key Points

• Medici Capital LLC increased its stake in EMX Royalty Corp. by 5.4%, acquiring an additional 107,077 shares, bringing its total ownership to over 2.1 million shares.
• Several other institutional investors, including Cambridge Investment Research Advisors and Millennium Management, have also increased their holdings in EMX Royalty, with overall institutional ownership at 21.54%.
• Analysts maintain a positive outlook on EMX Royalty, with an average rating of "Buy" and a price target of $5.75.

Medici Capital LLC increased its position in shares of EMX Royalty Corp. (NYSEAMERICAN:EMX - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,107,927 shares of the company's stock after acquiring an additional 107,077 shares during the quarter. EMX Royalty comprises 5.1% of Medici Capital LLC's holdings, making the stock its 5th biggest position. Medici Capital LLC owned 1.93% of EMX Royalty worth $5,300,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EMX. Jane Street Group LLC acquired a new position in shares of EMX Royalty in the first quarter valued at approximately $30,000. Cubist Systematic Strategies LLC grew its stake in shares of EMX Royalty by 97.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 23,116 shares of the company's stock worth $47,000 after purchasing an additional 11,383 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of EMX Royalty in the 1st quarter worth about $58,000. Goldman Sachs Group Inc. boosted its position in shares of EMX Royalty by 78.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 42,640 shares of the company's stock worth $87,000 after buying an additional 18,753 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in EMX Royalty in the 1st quarter valued at about $89,000. 21.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research raised shares of EMX Royalty to a "strong-buy" rating in a research report on Monday, August 11th. HC Wainwright reaffirmed a "buy" rating and set a $5.75 target price on shares of EMX Royalty in a report on Monday, September 8th. Finally, National Bankshares reissued an "outperform" rating on shares of EMX Royalty in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $5.75.

EMX Royalty Stock Up 0.6%

Shares of EMX stock traded up $0.03 on Friday, hitting $4.27. 297,399 shares of the stock were exchanged, compared to its average volume of 480,176. 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 business has a 50-day moving average of $3.38 and a 200 day moving average of $2.60. The firm has a market capitalization of $464.65 million, a P/E ratio of 71.26 and a beta of 0.30. EMX Royalty Corp. has a fifty-two week low of $1.65 and a fifty-two week high of $4.44.

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.