EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Down 12.1% in October

EMX Royalty Co. (NYSEAMERICAN:EMX) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 128,400 shares, a decline of 12.1% from the October 15th total of 146,100 shares. Based on an average trading volume of 279,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

EMX Royalty Stock Performance

EMX stock traded up $0.04 during trading on Monday, hitting $1.77. The company had a trading volume of 467,281 shares, compared to its average volume of 287,204. The company has a market capitalization of $196.26 million, a P/E ratio of -44.25 and a beta of 0.84. EMX Royalty has a fifty-two week low of $1.41 and a fifty-two week high of $2.15. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 0.30.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EMX shares. HC Wainwright lifted their price objective on shares of EMX Royalty from $6.75 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. National Bank Financial assumed coverage on shares of EMX Royalty in a report on Tuesday, October 22nd. They issued an “outperform” rating for the company.

Institutional Investors Weigh In On EMX Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of EMX. BNP Paribas Financial Markets lifted its holdings in EMX Royalty by 817.6% in the 1st quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock valued at $27,000 after acquiring an additional 13,900 shares during the last quarter. Marshall Wace LLP acquired a new stake in EMX Royalty in the 2nd quarter valued at about $33,000. Kings Path Partners LLC acquired a new stake in EMX Royalty in the 2nd quarter valued at about $33,000. Finally, Virtu Financial LLC lifted its holdings 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 acquiring an additional 96,508 shares during the last quarter. 21.54% of the stock is 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.