Sprott Inc. Acquires 720,458 Shares of EMX Royalty Co. (NYSEAMERICAN:EMX)

Sprott Inc. lifted its stake in EMX Royalty Co. (NYSEAMERICAN:EMX) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,014,481 shares of the company’s stock after acquiring an additional 720,458 shares during the period. Sprott Inc. owned approximately 2.73% of EMX Royalty worth $5,219,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in EMX Royalty by 26.3% during the third quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock valued at $139,000 after acquiring an additional 16,200 shares in the last quarter. Meixler Investment Management Ltd. purchased a new position in shares of EMX Royalty during the 4th quarter valued at $56,000. Ullmann Wealth Partners Group LLC bought a new position in shares of EMX Royalty in the fourth quarter worth $35,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of EMX Royalty in the fourth quarter worth $25,000. 21.54% of the stock is currently owned by hedge funds and other institutional investors.

EMX Royalty Price Performance

Shares of EMX opened at $1.80 on Wednesday. EMX Royalty Co. has a 1-year low of $1.47 and a 1-year high of $2.15. The company has a market capitalization of $195.84 million, a P/E ratio of -45.00 and a beta of 0.81. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 0.30.

Wall Street Analysts Forecast Growth

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

EMX Royalty 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.