National Bankshares Forecasts Strong Price Appreciation for EMX Royalty (CVE:EMX) Stock

EMX Royalty (CVE:EMX) had its price objective boosted by research analysts at National Bankshares from C$4.50 to C$4.75 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 51.76% from the stock’s previous close.

EMX Royalty Trading Up 2.6%

Shares of EMX opened at C$3.13 on Thursday. The company has a current ratio of 13.15, a quick ratio of 4.65 and a debt-to-equity ratio of 29.62. The firm has a market capitalization of C$244.91 million, a P/E ratio of -68.74 and a beta of 0.85. The stock’s fifty day simple moving average is C$2.92 and its 200 day simple moving average is C$2.65. EMX Royalty has a twelve month low of C$2.16 and a twelve month high of C$3.20.

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.