EMX Royalty (NYSEAMERICAN:EMX) Trading Up 1.2% – Should You Buy?

EMX Royalty Corp. (NYSEAMERICAN:EMX)’s stock price rose 1.2% during trading on Monday . The stock traded as high as $4.20 and last traded at $4.10. Approximately 567,941 shares traded hands during trading, an increase of 2% from the average daily volume of 557,344 shares. The stock had previously closed at $4.05.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EMX shares. Zacks Research downgraded shares of EMX Royalty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. HC Wainwright reissued a “buy” rating and set a $5.75 target price on shares of EMX Royalty in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.75.

EMX Royalty Trading Up 1.2%

The firm has a market cap of $450.18 million, a P/E ratio of 68.34 and a beta of 0.33. The business’s fifty day moving average is $4.10 and its 200-day moving average is $3.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.86 and a current ratio of 7.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EMX. Arrowstreet Capital Limited Partnership increased its position in shares of EMX Royalty by 128.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 871,183 shares of the company’s stock worth $4,481,000 after buying an additional 489,488 shares during the period. Two Sigma Investments LP acquired a new position in EMX Royalty in the third quarter valued at approximately $2,285,000. Marshall Wace LLP increased its stake in shares of EMX Royalty by 30.5% in the 2nd quarter. Marshall Wace LLP now owns 1,304,509 shares of the company’s stock valued at $3,287,000 after acquiring an additional 305,232 shares in the last quarter. Bank of America Corp DE boosted its stake in EMX Royalty by 2,565.0% during the second quarter. Bank of America Corp DE now owns 266,504 shares of the company’s stock worth $672,000 after acquiring an additional 256,504 shares in the last quarter. Finally, Man Group plc grew its holdings in EMX Royalty by 136.7% in the second quarter. Man Group plc now owns 368,949 shares of the company’s stock worth $930,000 after purchasing an additional 213,045 shares during the period. Institutional investors own 21.54% of the company’s stock.

About EMX Royalty

EMX Royalty Corp. is a mineral royalty and streaming company that acquires, explores and manages royalty interests in precious, base and battery metal properties around the world. Listed on the NYSE American exchange under the ticker EMX, the company pursues a strategy of building a diversified portfolio of royalties and streams by providing capital and technical expertise to explorers and developers in exchange for royalty interests.

Through joint ventures, option agreements and direct acquisitions, EMX Royalty has assembled a portfolio of more than 300 royalty and stream interests across four continents.