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National Bankshares Raises EMX Royalty (CVE:EMX) Price Target to C$5.75

EMX Royalty logo with Basic Materials background

Key Points

  • National Bankshares has increased the price target for EMX Royalty from C$5.25 to C$5.75, suggesting a potential upside of 26.65% from the stock's previous close.
  • EMX Royalty shares rose by 4.4%, trading at C$4.54, with a trading volume above its average.
  • The company has a market capitalization of C$355.24 million and focuses on exploring and generating royalties from various metals and minerals.
  • Need better tools to track EMX Royalty? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

EMX Royalty (CVE:EMX - Get Free Report) had its target price lifted by analysts at National Bankshares from C$5.25 to C$5.75 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price would suggest a potential upside of 26.65% from the stock's previous close.

EMX Royalty Stock Up 4.4%

EMX traded up C$0.19 on Wednesday, hitting C$4.54. The company had a trading volume of 68,097 shares, compared to its average volume of 52,457. The company has a debt-to-equity ratio of 29.62, a current ratio of 13.15 and a quick ratio of 4.65. EMX Royalty has a 52-week low of C$2.16 and a 52-week high of C$4.65. The stock has a fifty day simple moving average of C$3.76 and a 200-day simple moving average of C$3.14. The firm has a market capitalization of C$355.24 million, a P/E ratio of -99.71 and a beta of 0.85.

EMX Royalty Company Profile

(Get Free Report)

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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