EMX Royalty (NYSEAMERICAN:EMX) Shares Up 1.2% – Still a Buy?

EMX Royalty Corp. (NYSEAMERICAN:EMX) shares shot up 1.2% on Tuesday . The stock traded as high as $4.20 and last traded at $4.10. 567,941 shares traded hands during trading, a decline of 10% from the average session volume of 630,248 shares. The stock had previously closed at $4.05.

EMX Royalty Price Performance

The company has a quick ratio of 7.86, a current ratio of 7.86 and a debt-to-equity ratio of 0.21. The stock has a market cap of $450.18 million, a P/E ratio of 68.34 and a beta of 0.33. The business’s 50-day simple moving average is $4.10 and its two-hundred day simple moving average is $4.10.

Hedge Funds Weigh In On EMX Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in EMX Royalty during the third quarter worth about $37,000. National Bank of Canada FI purchased a new stake in shares of EMX Royalty in the third quarter worth about $63,000. Jane Street Group LLC purchased a new stake in shares of EMX Royalty in the first quarter worth about $30,000. Alpine Global Management LLC purchased a new stake in shares of EMX Royalty in the third quarter worth about $103,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of EMX Royalty by 97.0% in the first quarter. Cubist Systematic Strategies LLC now owns 23,116 shares of the company’s stock worth $47,000 after buying an additional 11,383 shares in the last quarter. Institutional investors own 21.54% of the company’s stock.

About EMX Royalty

EMX Royalty Corp. is a mineral royalty and streaming company that acquires, explores and manages royalty interests in precious, base and battery metal properties around the world. Listed on the NYSE American exchange under the ticker EMX, the company pursues a strategy of building a diversified portfolio of royalties and streams by providing capital and technical expertise to explorers and developers in exchange for royalty interests.

Through joint ventures, option agreements and direct acquisitions, EMX Royalty has assembled a portfolio of more than 300 royalty and stream interests across four continents.