EMX Royalty’s (EMX) “Buy” Rating Reiterated at HC Wainwright

EMX Royalty (NYSEAMERICAN:EMX)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They currently have a $7.00 target price on the stock. HC Wainwright’s price objective points to a potential upside of 316.67% from the stock’s previous close.

Separately, National Bank Financial started coverage on shares of EMX Royalty in a research note on Tuesday, October 22nd. They issued an “outperform” rating on the stock.

EMX Royalty Stock Down 1.8 %

NYSEAMERICAN:EMX opened at $1.68 on Friday. The stock has a market capitalization of $185.88 million, a price-to-earnings ratio of -42.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.15 and a current ratio of 13.15. EMX Royalty has a twelve month low of $1.41 and a twelve month high of $2.15.

Hedge Funds Weigh In On EMX Royalty

An institutional investor recently bought a new position in EMX Royalty stock. Marshall Wace LLP bought a new position in shares of EMX Royalty Co. (NYSEAMERICAN:EMX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,374 shares of the company’s stock, valued at approximately $33,000. 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.