Analysts Set Expectations for EMX Royalty FY2024 Earnings

EMX Royalty Co. (NYSEAMERICAN:EMX) – Investment analysts at National Bank Financial raised their FY2024 EPS estimates for shares of EMX Royalty in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the company will earn ($0.02) per share for the year, up from their prior forecast of ($0.05). National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for EMX Royalty’s current full-year earnings is ($0.05) per share.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $7.00 price target on shares of EMX Royalty in a report on Friday, January 10th.

EMX Royalty Stock Performance

Shares of EMX stock opened at $1.88 on Thursday. EMX Royalty has a fifty-two week low of $1.43 and a fifty-two week high of $2.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 13.15 and a quick ratio of 13.15.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EMX. Apollon Wealth Management LLC purchased a new stake in EMX Royalty in the 4th quarter worth approximately $25,000. Sage Investment Counsel LLC acquired a new stake in shares of EMX Royalty during the fourth quarter worth $26,000. Ullmann Wealth Partners Group LLC purchased a new stake in shares of EMX Royalty in the fourth quarter valued at $35,000. Meixler Investment Management Ltd. acquired a new position in EMX Royalty in the fourth quarter valued at $56,000. Finally, BNP Paribas Financial Markets lifted its position in EMX Royalty by 26.3% during the third quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock worth $139,000 after buying an additional 16,200 shares during the period. Institutional investors and hedge funds own 21.54% of the company’s stock.

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.