EMX Royalty Co. (NYSEAMERICAN:EMX) Sees Large Drop in Short Interest

EMX Royalty Co. (NYSEAMERICAN:EMX) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 106,300 shares, a drop of 19.7% from the November 15th total of 132,300 shares. Based on an average daily trading volume, of 272,300 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of EMX Royalty

A number of institutional investors have recently modified their holdings of the company. Kings Path Partners LLC acquired a new stake in EMX Royalty in the 2nd quarter valued at $33,000. Marshall Wace LLP purchased a new stake in shares of EMX Royalty in the second quarter worth about $33,000. Finally, BNP Paribas Financial Markets grew its stake in shares of EMX Royalty by 26.3% in the third quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock valued at $139,000 after buying an additional 16,200 shares in the last quarter. Hedge funds and other institutional investors own 21.54% of the company’s stock.

EMX Royalty Stock Performance

EMX Royalty stock remained flat at $1.75 during trading on Friday. 139,979 shares of the company were exchanged, compared to its average volume of 283,397. EMX Royalty has a 52-week low of $1.41 and a 52-week high of $2.15. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $193.62 million, a P/E ratio of -43.75 and a beta of 0.80.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. National Bank Financial assumed coverage on shares of EMX Royalty in a research report on Tuesday, October 22nd. They issued an “outperform” rating on the stock. HC Wainwright lifted their target price on shares of EMX Royalty from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

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.