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

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

Hedge Funds Weigh In On EMX Royalty

Hedge funds have recently modified their holdings of the stock. Apollon Wealth Management LLC purchased a new position in EMX Royalty in the 4th quarter worth $25,000. Ullmann Wealth Partners Group LLC purchased a new position in shares of EMX Royalty in the fourth quarter worth about $35,000. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 16,200 shares during the period. Finally, Marshall Wace LLP acquired a new stake in EMX Royalty during the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 21.54% of the company’s stock.

Wall Street Analyst Weigh In

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

EMX Royalty Stock Performance

NYSEAMERICAN:EMX traded down $0.02 during trading hours on Wednesday, reaching $1.69. The company’s stock had a trading volume of 135,957 shares, compared to its average volume of 328,227. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $185.82 million, a price-to-earnings ratio of -42.13 and a beta of 0.79. EMX Royalty has a 12 month low of $1.41 and a 12 month high of $2.15.

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

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.