EMX Royalty (NYSEAMERICAN:EMX) Trading Up 1.2% – Here’s Why

EMX Royalty Corp. (NYSEAMERICAN:EMX)’s stock price rose 1.2% on Tuesday . The company traded as high as $4.20 and last traded at $4.10. Approximately 567,941 shares changed 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 Trading Up 1.2%

The firm’s 50 day moving average price is $4.10 and its 200-day moving average price is $4.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.86 and a quick ratio of 7.86. The stock has a market cap of $450.18 million, a P/E ratio of 68.34 and a beta of 0.33.

Hedge Funds Weigh In On EMX Royalty

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of EMX Royalty in the third quarter worth approximately $37,000. Prelude Capital Management LLC purchased a new position in shares of EMX Royalty during the 3rd quarter valued at about $187,000. National Bank of Canada FI bought a new position in shares of EMX Royalty during the 3rd quarter valued at approximately $63,000. Centiva Capital LP purchased a new stake in EMX Royalty in the 3rd quarter worth approximately $157,000. Finally, Bank of America Corp DE increased its holdings in EMX Royalty by 41.4% in the 3rd quarter. Bank of America Corp DE now owns 376,750 shares of the company’s stock worth $1,940,000 after acquiring an additional 110,246 shares in the last quarter. 21.54% of the stock is owned by institutional investors.

EMX Royalty Company Profile

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.