EMX Royalty (NYSEAMERICAN:EMX) Price Target Raised to $7.00 at HC Wainwright

EMX Royalty (NYSEAMERICAN:EMX) had its price objective upped by HC Wainwright from $6.75 to $7.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 302.30% from the company’s current price.

Separately, National Bank Financial began coverage on EMX Royalty in a report on Tuesday, October 22nd. They set an “outperform” rating on the stock.

EMX Royalty Trading Down 3.3 %

NYSEAMERICAN:EMX opened at $1.74 on Tuesday. EMX Royalty has a twelve month low of $1.41 and a twelve month high of $2.15. The firm has a market cap of $192.93 million, a P/E ratio of -43.50 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. EMX Royalty had a negative net margin of 7.44% and a negative return on equity of 2.05%. The company had revenue of $6.01 million during the quarter. Sell-side analysts forecast that EMX Royalty will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EMX. BNP Paribas Financial Markets lifted its holdings in shares of EMX Royalty by 817.6% in the 1st quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock worth $27,000 after purchasing an additional 13,900 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of EMX Royalty by 509.6% during the first quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after acquiring an additional 96,508 shares during the period. Marshall Wace LLP acquired a new position in shares of EMX Royalty during the second quarter valued at $33,000. Finally, Kings Path Partners LLC bought a new position in shares of EMX Royalty during the second quarter worth about $33,000. 21.54% of the stock is currently owned by institutional investors.

About EMX Royalty

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.