FY2024 EPS Estimates for EMX Royalty Boosted by Analyst

EMX Royalty Co. (NYSEAMERICAN:EMX) – Investment analysts at National Bank Financial increased their FY2024 earnings estimates for shares of EMX Royalty in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of ($0.02) per share for the year, up from their previous estimate of ($0.05). National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for EMX Royalty’s current full-year earnings is ($0.05) per share.

Separately, HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of EMX Royalty in a report on Friday, January 10th.

EMX Royalty Trading Up 1.9 %

NYSEAMERICAN:EMX opened at $1.88 on Thursday. EMX Royalty has a 1-year low of $1.43 and a 1-year high of $2.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.15 and a current ratio of 13.15.

Institutional Investors Weigh In On EMX Royalty

Institutional investors have recently made changes to their positions in the stock. Apollon Wealth Management LLC acquired a new position in EMX Royalty in the 4th quarter valued at about $25,000. Sage Investment Counsel LLC purchased a new position in shares of EMX Royalty in the 4th quarter valued at about $26,000. BNP Paribas Financial Markets grew its position in shares of EMX Royalty by 26.3% during 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 in the last quarter. Ullmann Wealth Partners Group LLC purchased a new stake in shares of EMX Royalty during the fourth quarter worth approximately $35,000. Finally, Meixler Investment Management Ltd. acquired a new stake in EMX Royalty in the fourth quarter valued at approximately $56,000. 21.54% of the stock is currently owned by institutional investors and hedge funds.

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.