EMX Royalty Co. (NYSEAMERICAN:EMX) Sees Large Growth in Short Interest

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 146,100 shares, an increase of 237.4% from the September 30th total of 43,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 270,800 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of brokerages have weighed in on EMX. National Bank Financial began coverage on shares of EMX Royalty in a research note on Tuesday. They set an “outperform” rating for the company. HC Wainwright raised their target price on shares of EMX Royalty from $6.50 to $6.75 and gave the company a “buy” rating in a research note on Wednesday.

EMX Royalty Trading Down 2.0 %

EMX stock traded down $0.04 on Friday, hitting $1.92. The company had a trading volume of 258,026 shares, compared to its average volume of 284,208. EMX Royalty has a 12-month low of $1.41 and a 12-month high of $2.15. The stock has a market capitalization of $217.34 million, a P/E ratio of -64.00 and a beta of 0.84.

EMX Royalty (NYSEAMERICAN:EMX) last issued its earnings results on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. EMX Royalty had a negative return on equity of 2.05% and a negative net margin of 7.44%. The company had revenue of $6.01 million during the quarter. As a group, equities analysts predict that EMX Royalty will post -0.03 earnings per share for the current year.

Institutional Trading of EMX Royalty

Several institutional investors and hedge funds have recently modified their holdings of EMX. BNP Paribas Financial Markets boosted its stake in shares of EMX Royalty by 817.6% during the 1st quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock worth $27,000 after purchasing an additional 13,900 shares during the period. Virtu Financial LLC boosted its position in EMX Royalty by 509.6% in the 1st quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock valued at $199,000 after buying an additional 96,508 shares during the period. Marshall Wace LLP bought a new stake in shares of EMX Royalty in the 2nd quarter valued at about $33,000. Finally, Kings Path Partners LLC bought a new stake in shares of EMX Royalty in the 2nd quarter valued at about $33,000. 21.54% of the stock is currently owned by 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.