EMX Royalty (NYSEAMERICAN:EMX) Trading 1.2% Higher – Should You Buy?

EMX Royalty Corp. (NYSEAMERICAN:EMX)’s share price shot up 1.2% during trading on Monday . The company traded as high as $4.20 and last traded at $4.10. 567,941 shares were traded during trading, a decline of 10% from the average session volume of 630,248 shares. The stock had previously closed at $4.05.

EMX Royalty Stock Performance

The stock has a 50 day simple moving average of $4.10 and a 200 day simple moving average of $4.09. The company has a current ratio of 7.86, a quick ratio of 7.86 and a debt-to-equity ratio of 0.21. The stock has a market cap of $450.18 million, a P/E ratio of 68.34 and a beta of 0.33.

Hedge Funds Weigh In On EMX Royalty

A number of hedge funds have recently added to or reduced their stakes in EMX. Arrowstreet Capital Limited Partnership increased its stake in EMX Royalty by 128.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 871,183 shares of the company’s stock worth $4,481,000 after acquiring an additional 489,488 shares during the period. Two Sigma Investments LP bought a new position in EMX Royalty during the 3rd quarter worth $2,285,000. Marshall Wace LLP increased its stake in EMX Royalty by 30.5% during the 2nd quarter. Marshall Wace LLP now owns 1,304,509 shares of the company’s stock worth $3,287,000 after acquiring an additional 305,232 shares during the period. Bank of America Corp DE increased its stake in EMX Royalty by 2,565.0% during the 2nd quarter. Bank of America Corp DE now owns 266,504 shares of the company’s stock worth $672,000 after acquiring an additional 256,504 shares during the period. Finally, Man Group plc increased its stake in EMX Royalty by 136.7% during the 2nd quarter. Man Group plc now owns 368,949 shares of the company’s stock worth $930,000 after acquiring an additional 213,045 shares during the period. Institutional investors own 21.54% of the company’s stock.

EMX Royalty Company Profile

EMX Royalty Corp. is a mineral royalty and streaming company that acquires, explores and manages royalty interests in precious, base and battery metal properties around the world. Listed on the NYSE American exchange under the ticker EMX, the company pursues a strategy of building a diversified portfolio of royalties and streams by providing capital and technical expertise to explorers and developers in exchange for royalty interests.

Through joint ventures, option agreements and direct acquisitions, EMX Royalty has assembled a portfolio of more than 300 royalty and stream interests across four continents.