EMX Royalty (NYSEAMERICAN:EMX) Stock Price Up 1.2% – Here’s Why

EMX Royalty Corp. (NYSEAMERICAN:EMX)’s share price traded up 1.2% during trading on Thursday . The stock traded as high as $4.20 and last traded at $4.10. 567,941 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 557,344 shares. The stock had previously closed at $4.05.

EMX Royalty Stock Performance

The firm’s fifty day moving average is $4.10 and its 200-day moving average is $3.97. 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 market capitalization of $450.18 million, a PE ratio of 68.34 and a beta of 0.33.

Hedge Funds Weigh In On EMX Royalty

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in EMX Royalty during the first quarter worth $30,000. JPMorgan Chase & Co. purchased a new stake in shares of EMX Royalty in the 3rd quarter valued at $37,000. Cubist Systematic Strategies LLC lifted its stake in EMX Royalty by 97.0% during the 1st 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 in the last quarter. National Bank of Canada FI purchased a new position in EMX Royalty during the 3rd quarter valued at about $63,000. Finally, Goldman Sachs Group Inc. grew its position in EMX Royalty by 78.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 42,640 shares of the company’s stock valued at $87,000 after acquiring an additional 18,753 shares in the last quarter. Hedge funds and other 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.