U S Global Investors Inc. Trims Stake in EMX Royalty Corp. $EMX

Key Points

• U S Global Investors Inc. has cut its stake in EMX Royalty Corp. by 50%, owning now 500,000 shares worth approximately $1.27 million as of the latest SEC filing.
• Several institutional investors, including Goldman Sachs Group, have increased their positions in EMX Royalty, reflecting ongoing interest with 21.54% of the stock owned by institutional investors.
• Analysts have mixed ratings on EMX Royalty, with Zacks lowering it from "strong-buy" to "hold," while HC Wainwright maintains a "buy" rating with a target price of $5.75.

U S Global Investors Inc. reduced its position in EMX Royalty Corp. (NYSEAMERICAN:EMX - Free Report) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the company's stock after selling 500,000 shares during the quarter. U S Global Investors Inc. owned 0.46% of EMX Royalty worth $1,268,000 as of its most recent SEC filing.

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

EMX Royalty Price Performance

NYSEAMERICAN EMX opened at $4.86 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.86 and a current ratio of 7.86. The firm's 50 day moving average price is $3.99 and its 200-day moving average price is $2.94. EMX Royalty Corp. has a 52-week low of $1.65 and a 52-week high of $5.39. The company has a market cap of $530.37 million, a PE ratio of 81.01 and a beta of 0.33.

Analyst Ratings Changes

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

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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