EMX Royalty (NYSEAMERICAN:EMX) Sees Strong Trading Volume – What’s Next?

EMX Royalty Corp. (NYSEAMERICAN:EMX) shares saw strong trading volume on Friday . 738,096 shares were traded during trading, an increase of 42% from the previous session’s volume of 521,237 shares.The stock last traded at $5.03 and had previously closed at $5.04.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research downgraded shares of EMX Royalty from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. HC Wainwright restated a “buy” rating and set a $5.75 target price on shares of EMX Royalty in a report on Monday, September 8th. Finally, National Bankshares restated an “outperform” rating on shares of EMX Royalty in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.75.

EMX Royalty Stock Down 1.4%

The company has a market capitalization of $541.53 million, a P/E ratio of 82.85 and a beta of 0.33. The firm’s 50 day moving average price is $3.78 and its two-hundred day moving average price is $2.84. The company has a current ratio of 7.86, a quick ratio of 7.86 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On EMX Royalty

Several hedge funds have recently made changes to their positions in EMX. Millennium Management LLC grew its stake in shares of EMX Royalty by 162.3% during the 4th quarter. Millennium Management LLC now owns 68,059 shares of the company’s stock worth $118,000 after acquiring an additional 42,110 shares in the last quarter. Medici Capital LLC grew its stake in shares of EMX Royalty by 46.4% during the 1st quarter. Medici Capital LLC now owns 2,000,850 shares of the company’s stock worth $4,088,000 after acquiring an additional 633,850 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of EMX Royalty by 3.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 182,766 shares of the company’s stock valued at $373,000 after buying an additional 5,426 shares in the last quarter. XTX Topco Ltd bought a new position in shares of EMX Royalty in the first quarter valued at $89,000. Finally, Eagle Global Advisors LLC grew its stake in shares of EMX Royalty by 5.2% in the first quarter. Eagle Global Advisors LLC now owns 121,900 shares of the company’s stock valued at $249,000 after buying an additional 6,000 shares in the last quarter. 21.54% of the stock is 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.