Short Interest in EMX Royalty Corp. (NYSEAMERICAN:EMX) Declines By 43.8%

Key Points

• Short interest in EMX Royalty Corp. declined by 43.8% in August, totaling 78,000 shares, which indicates a decrease from 138,800 shares on August 15th.
• Institutional investors increased their holdings in EMX, with significant increases from firms like Bank of America Corp, which raised its position by 2,565.0%.
• Brokerages have expressed a positive outlook on EMX, with Zacks Research upgrading the stock to a "strong-buy" rating and a consensus target price of $5.75.

EMX Royalty Corp. (NYSEAMERICAN:EMX - Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 78,000 shares, a drop of 43.8% from the August 15th total of 138,800 shares. Based on an average trading volume of 553,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 553,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of EMX Royalty

A number of hedge funds have recently bought and sold shares of EMX. Medici Capital LLC lifted 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 worth $4,088,000 after buying an additional 633,850 shares during the last quarter. Marshall Wace LLP lifted its position in EMX Royalty by 30.5% in the 2nd quarter. Marshall Wace LLP now owns 1,304,509 shares of the company's stock worth $3,287,000 after buying an additional 305,232 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in EMX Royalty by 339.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 381,695 shares of the company's stock worth $962,000 after buying an additional 294,915 shares during the last quarter. Bank of America Corp DE lifted its position in EMX Royalty by 2,565.0% in the 2nd quarter. Bank of America Corp DE now owns 266,504 shares of the company's stock worth $672,000 after buying an additional 256,504 shares during the last quarter. Finally, Man Group plc lifted its position in EMX Royalty by 136.7% in the 2nd quarter. Man Group plc now owns 368,949 shares of the company's stock worth $930,000 after buying an additional 213,045 shares during the last quarter. Institutional investors own 21.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EMX. National Bankshares reissued an "outperform" rating on shares of EMX Royalty in a report on Wednesday, August 13th. Zacks Research raised EMX Royalty to a "strong-buy" rating in a report on Monday, August 11th. Finally, HC Wainwright reissued a "buy" rating and issued a $5.75 price objective on shares of EMX Royalty in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, EMX Royalty currently has an average rating of "Buy" and a consensus target price of $5.75.

EMX Royalty Stock Performance

Shares of EMX opened at $4.19 on Friday. The company has a market cap of $456.37 million, a PE ratio of 69.84 and a beta of 0.30. 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 stock has a 50-day moving average price of $3.27 and a 200-day moving average price of $2.53. EMX Royalty has a 12-month low of $1.65 and a 12-month high of $4.44.

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.

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