EMX Royalty (NYSEAMERICAN:EMX) Price Target Cut to $5.00 by Analysts at HC Wainwright

EMX Royalty (NYSEAMERICAN:EMX) had its target price reduced by HC Wainwright from $7.00 to $5.00 in a report issued on Friday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

EMX Royalty Stock Performance

EMX stock opened at $1.85 on Friday. The stock has a market capitalization of $201.28 million, a P/E ratio of -46.25 and a beta of 0.81. EMX Royalty has a one year low of $1.59 and a one year high of $2.15. The business’s 50 day simple moving average is $1.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 13.15 and a quick ratio of 13.15.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EMX. BNP Paribas Financial Markets increased its stake in shares of EMX Royalty by 26.3% in the third quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock worth $139,000 after buying an additional 16,200 shares during the period. Ullmann Wealth Partners Group LLC purchased a new position in shares of EMX Royalty in the fourth quarter worth $35,000. Apollon Wealth Management LLC purchased a new position in shares of EMX Royalty in the fourth quarter worth $25,000. Meixler Investment Management Ltd. purchased a new position in shares of EMX Royalty in the fourth quarter worth $56,000. Finally, Sprott Inc. increased its stake in shares of EMX Royalty by 31.4% in the fourth quarter. Sprott Inc. now owns 3,014,481 shares of the company’s stock worth $5,219,000 after buying an additional 720,458 shares during the period. 21.54% of the stock is owned by hedge funds and other institutional investors.

EMX Royalty Company Profile

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.