Short Interest in EMX Royalty Co. (NYSEAMERICAN:EMX) Rises By 230.8%

EMX Royalty Co. (NYSEAMERICAN:EMX) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 153,800 shares, an increase of 230.8% from the December 31st total of 46,500 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 279,800 shares, the short-interest ratio is currently 0.5 days.

EMX Royalty Price Performance

Shares of NYSEAMERICAN:EMX traded down $0.03 during trading on Wednesday, reaching $1.67. 259,944 shares of the stock were exchanged, compared to its average volume of 335,535. The firm has a market capitalization of $184.17 million, a price-to-earnings ratio of -41.75 and a beta of 0.79. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 0.30. EMX Royalty has a 1-year low of $1.41 and a 1-year high of $2.15.

EMX Royalty (NYSEAMERICAN:EMX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. EMX Royalty had a negative return on equity of 3.11% and a negative net margin of 13.73%. The company had revenue of $7.03 million during the quarter. Sell-side analysts forecast that EMX Royalty will post -0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EMX shares. HC Wainwright reiterated a “buy” rating and set a $7.00 target price on shares of EMX Royalty in a report on Friday, January 10th. National Bank Financial began coverage on EMX Royalty in a research report on Tuesday, October 22nd. They set an “outperform” rating on the stock.

Institutional Investors Weigh In On EMX Royalty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings 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 in the last quarter. Ullmann Wealth Partners Group LLC purchased a new position in EMX Royalty during the fourth quarter valued at approximately $35,000. Marshall Wace LLP bought a new stake in EMX Royalty during the 2nd quarter worth approximately $33,000. Finally, Apollon Wealth Management LLC purchased a new stake in EMX Royalty in the 4th quarter worth approximately $25,000. Institutional investors own 21.54% of the company’s stock.

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.