EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Down 58.5% in March

EMX Royalty Co. (NYSEAMERICAN:EMX) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 93,200 shares, a decline of 58.5% from the March 15th total of 224,800 shares. Based on an average trading volume of 402,300 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, HC Wainwright cut their price objective on shares of EMX Royalty from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, March 14th.

EMX Royalty Price Performance

Shares of NYSEAMERICAN EMX opened at $2.14 on Wednesday. The company has a market cap of $232.83 million, a PE ratio of -53.50 and a beta of 0.81. EMX Royalty has a fifty-two week low of $1.59 and a fifty-two week high of $2.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 13.15 and a current ratio of 13.15. The business has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $1.81.

Institutional Investors Weigh In On EMX Royalty

Several institutional investors and hedge funds have recently made changes to their positions in EMX. Sprott Inc. boosted its stake in shares of EMX Royalty by 31.4% in the fourth quarter. Sprott Inc. now owns 3,014,481 shares of the company’s stock worth $5,219,000 after buying an additional 720,458 shares during the last quarter. Privium Fund Management B.V. purchased a new position in shares of EMX Royalty during the 4th quarter worth $375,000. Eagle Global Advisors LLC acquired a new stake in shares of EMX Royalty during the 4th quarter worth approximately $201,000. Virtu Financial LLC grew its holdings in shares of EMX Royalty by 161.0% during the 4th quarter. Virtu Financial LLC now owns 90,500 shares of the company’s stock worth $157,000 after purchasing an additional 55,827 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of EMX Royalty by 12.6% in the 4th quarter. BNP Paribas Financial Markets now owns 87,700 shares of the company’s stock worth $152,000 after acquiring an additional 9,800 shares during the last quarter. 21.54% of the stock is currently owned by institutional investors and hedge funds.

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.