Zacks Research Downgrades EMX Royalty (NYSEAMERICAN:EMX) to Hold

Key Points

• Zacks Research has downgraded EMX Royalty from a "strong-buy" to a "hold" rating, signaling a more cautious outlook on the stock.
• EMX Royalty currently has an average rating of "Moderate Buy" with a price target of $5.75, despite the downgrade.
• Notable institutional investment activity includes a 2,565.0% increase in Bank of America Corp DE's holdings during the second quarter, reflecting underlying investor interest.

EMX Royalty (NYSEAMERICAN:EMX - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also commented on EMX. National Bankshares restated an "outperform" rating on shares of EMX Royalty in a research note on Wednesday, August 13th. HC Wainwright restated a "buy" rating and set a $5.75 price objective on shares of EMX Royalty in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, EMX Royalty presently has an average rating of "Moderate Buy" and an average target price of $5.75.

EMX Royalty Price Performance

EMX Royalty stock opened at $4.59 on Wednesday. EMX Royalty has a 12 month low of $1.65 and a 12 month high of $4.59. The stock's 50 day moving average is $3.54 and its 200-day moving average is $2.70. 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 company has a market capitalization of $500.31 million, a price-to-earnings ratio of 76.51 and a beta of 0.30.

Institutional Investors Weigh In On EMX Royalty

A number of large investors have recently modified their holdings of the business. Man Group plc boosted its holdings in shares of EMX Royalty by 136.7% in the 2nd quarter. Man Group plc now owns 368,949 shares of the company's stock valued at $930,000 after purchasing an additional 213,045 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of EMX Royalty by 22.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 134,700 shares of the company's stock valued at $339,000 after acquiring an additional 24,900 shares in the last quarter. Bank of America Corp DE raised its position in EMX Royalty by 2,565.0% during the 2nd quarter. Bank of America Corp DE now owns 266,504 shares of the company's stock worth $672,000 after purchasing an additional 256,504 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in EMX Royalty during the 2nd quarter worth $126,000. Finally, Marshall Wace LLP raised its position in EMX Royalty by 30.5% during the 2nd quarter. Marshall Wace LLP now owns 1,304,509 shares of the company's stock worth $3,287,000 after purchasing an additional 305,232 shares during the last quarter. Institutional investors and hedge funds own 21.54% of the company's stock.

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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