Euro Pacific Asset Management LLC Acquires 4,122,716 Shares of EMX Royalty Co. (NYSEAMERICAN:EMX)

Euro Pacific Asset Management LLC boosted its holdings in shares of EMX Royalty Co. (NYSEAMERICAN:EMX) by 316.1% during the fourth quarter, Holdings Channel reports. The firm owned 5,426,971 shares of the company’s stock after acquiring an additional 4,122,716 shares during the quarter. EMX Royalty makes up about 1.9% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 26th biggest position. Euro Pacific Asset Management LLC’s holdings in EMX Royalty were worth $8,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMX. Anchor Investment Management LLC bought a new stake in EMX Royalty in the fourth quarter valued at $27,000. Creative Planning bought a new stake in shares of EMX Royalty during the 3rd quarter valued at about $28,000. Wells Fargo & Company MN boosted its stake in shares of EMX Royalty by 50.0% during the 2nd quarter. Wells Fargo & Company MN now owns 22,500 shares of the company’s stock valued at $43,000 after purchasing an additional 7,500 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of EMX Royalty by 32.6% during the second quarter. Renaissance Technologies LLC now owns 244,126 shares of the company’s stock valued at $464,000 after buying an additional 59,967 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in EMX Royalty in the first quarter worth about $122,000. Institutional investors own 21.54% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and set a $6.50 price objective on shares of EMX Royalty in a research report on Wednesday, March 27th.

EMX Royalty Stock Up 1.6 %

EMX stock traded up $0.03 during midday trading on Thursday, hitting $1.96. The stock had a trading volume of 146,264 shares, compared to its average volume of 282,694. EMX Royalty Co. has a 52-week low of $1.41 and a 52-week high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last announced its earnings results on Monday, March 25th. The company reported $0.01 EPS for the quarter. The firm had revenue of $7.55 million for the quarter. EMX Royalty had a negative net margin of 17.40% and a negative return on equity of 3.93%. Analysts forecast that EMX Royalty Co. will post 0.01 EPS for the current fiscal year.

EMX Royalty Profile

EMX Royalty Corporation, together with its subsidiaries, explores for and generates royalties from metals and minerals properties. It explores for gold, silver, platinum, palladium, copper, lead, zinc, nickel, cobalt, volcanogenic massive sulfide, molybdenum, and iron deposits. The company's royalty and exploration portfolio primarily consist of properties in North America, Turkey, Europe, Australia, and Latin America.