EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Up 237.4% in October

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 146,100 shares, a growth of 237.4% from the September 30th total of 43,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 270,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of EMX Royalty

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in shares of EMX Royalty by 817.6% during the 1st quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock worth $27,000 after acquiring an additional 13,900 shares during the period. Marshall Wace LLP purchased a new position in shares of EMX Royalty during the second quarter valued at approximately $33,000. Kings Path Partners LLC bought a new stake in shares of EMX Royalty in the 2nd quarter worth approximately $33,000. Finally, Virtu Financial LLC increased its position in EMX Royalty by 509.6% during the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after buying an additional 96,508 shares in the last quarter. 21.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on EMX. National Bank Financial started coverage on EMX Royalty in a research report on Tuesday, October 22nd. They issued an “outperform” rating for the company. HC Wainwright boosted their price objective on EMX Royalty from $6.50 to $6.75 and gave the company a “buy” rating in a research note on Wednesday.

EMX Royalty Stock Down 2.0 %

EMX traded down $0.04 during trading on Friday, reaching $1.92. The stock had a trading volume of 258,026 shares, compared to its average volume of 264,506. EMX Royalty has a one year low of $1.41 and a one year high of $2.15. The stock has a market cap of $216.84 million, a PE ratio of -64.00 and a beta of 0.84.

EMX Royalty (NYSEAMERICAN:EMX) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The company had revenue of $6.01 million during the quarter. EMX Royalty had a negative return on equity of 2.05% and a negative net margin of 7.44%. As a group, equities analysts anticipate that EMX Royalty will post -0.03 earnings per share for the current year.

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.