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

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

Institutional Trading of EMX Royalty

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in shares of EMX Royalty by 817.6% during the first quarter. BNP Paribas Financial Markets now owns 15,600 shares of the company’s stock worth $27,000 after buying an additional 13,900 shares in the last quarter. Virtu Financial LLC grew its position in shares of EMX Royalty by 509.6% during the first quarter. Virtu Financial LLC now owns 115,447 shares of the company’s stock worth $199,000 after buying an additional 96,508 shares in the last quarter. Marshall Wace LLP acquired a new position in EMX Royalty in the second quarter worth $33,000. Finally, Kings Path Partners LLC acquired a new position in EMX Royalty in the second quarter worth $33,000. Institutional investors and hedge funds own 21.54% of the company’s stock.

EMX Royalty Trading Up 2.3 %

Shares of EMX traded up $0.04 during mid-day trading on Monday, reaching $1.77. 467,281 shares of the stock traded hands, compared to its average volume of 287,204. The firm 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 12-month low of $1.41 and a 12-month 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.

Analysts Set New Price Targets

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

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.