Short Interest in EMX Royalty Co. (NYSEAMERICAN:EMX) Declines By 19.7%

EMX Royalty Co. (NYSEAMERICAN:EMX) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 106,300 shares, a decline of 19.7% from the November 15th total of 132,300 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 272,300 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On EMX Royalty

Several institutional investors have recently bought and sold shares of EMX. BNP Paribas Financial Markets raised its position 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 valued at $139,000 after purchasing an additional 16,200 shares during the period. Marshall Wace LLP bought a new stake in shares of EMX Royalty during the 2nd quarter worth $33,000. Finally, Kings Path Partners LLC acquired a new position in EMX Royalty in the 2nd quarter valued at $33,000. 21.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EMX. National Bank Financial started coverage on EMX Royalty in a research report on Tuesday, October 22nd. They issued an “outperform” rating on the stock. HC Wainwright raised their price objective on shares of EMX Royalty from $6.75 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

EMX Royalty Stock Down 1.1 %

Shares of EMX stock traded down $0.02 on Monday, hitting $1.73. The company’s stock had a trading volume of 349,556 shares, compared to its average volume of 283,670. The firm has a market cap of $191.41 million, a PE ratio of -43.25 and a beta of 0.80. EMX Royalty has a fifty-two week low of $1.41 and a fifty-two week high of $2.15. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30.

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.