EMX Royalty Co. (NYSEAMERICAN:EMX) Sees Surge in Short Interest

EMX Royalty Co. (NYSEAMERICAN:EMX) experienced a notable increase in its short interest for the month of October. As of October 15th, the total short interest reached 146,100 shares, marking a significant rise of 237.4% compared to the previous month’s total of 43,300 shares as of September 30th. Presently, 0.2% of the company's stock is reported to be short sold. With an average daily trading volume of 270,800 shares, the days-to-cover ratio stands at 0.5 days.

Institutional Investors Adjust Holdings

Recently, a number of institutional investors and hedge funds have altered their positions in EMX Royalty. During the second quarter, Marshall Wace LLP acquired a new position in EMX shares worth $33,000. In the same timeframe, Kings Path Partners LLC also invested $33,000 in the company. Furthermore, Virtu Financial LLC increased its holdings in EMX Royalty by an impressive 509.6% in the first quarter, now owning 115,447 shares valued at approximately $199,000 after acquiring an additional 96,508 shares in the previous quarter. Additionally, BNP Paribas Financial Markets raised its holdings by 817.6% during the first quarter, now owning 15,600 shares worth about $27,000 after acquiring 13,900 additional shares. Altogether, institutional investors currently own 21.54% of EMX Royalty's stock.

Recent Analyst Insights

Several analysts have recently provided their insights regarding shares of EMX Royalty. HC Wainwright has increased their price target for EMX shares from $6.50 to $6.75, also assigning the company a "buy" rating in a research note issued on Wednesday. National Bank Financial initiated coverage on EMX Royalty with an "outperform" rating, indicating positive expectations for the company's future performance.

Performance Overview of EMX Royalty

During trading on Friday, shares of EMX Royalty (NYSEAMERICAN:EMX) declined by $0.03, closing at $1.93. The trading volume reached 258,026 shares, which is lower than the average volume of 284,208. The company's market capitalization is approximately $217.91 million, with a price-to-earnings ratio of -64.17 and a beta of 0.84. Over the past year, EMX Royalty has seen a low of $1.41 and a high of $2.15.

The last earnings report from EMX Royalty was released on August 12th, where the company reported an earnings per share (EPS) of ($0.04) for the quarter. EMX Royalty recorded a negative net margin of 7.44% and a negative return on equity of 2.05%, with total revenue of $6.01 million for the quarter. Analysts predict an EPS of -0.03 for the current year.

About EMX Royalty Corp

EMX Royalty Corporation, along with its subsidiaries, is engaged in the exploration and royalty generation from properties containing metals and minerals. The company focuses on various deposits, including gold, silver, platinum, palladium, copper, lead, zinc, manganese, nickel, cobalt, molybdenum, and iron, in addition to battery and precious metals.

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