EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Down 56.3% in December

EMX Royalty Co. (NYSEAMERICAN:EMX) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 46,500 shares, a drop of 56.3% from the November 30th total of 106,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 279,500 shares, the days-to-cover ratio is presently 0.2 days.

EMX Royalty Trading Down 1.7 %

EMX traded down $0.03 during trading on Friday, reaching $1.74. The company’s stock had a trading volume of 160,340 shares, compared to its average volume of 283,144. The company has a debt-to-equity ratio of 0.30, a current ratio of 13.15 and a quick ratio of 13.15. The firm has a market capitalization of $192.51 million, a price-to-earnings ratio of -43.50 and a beta of 0.80. EMX Royalty has a 1 year low of $1.41 and a 1 year high of $2.15.

Hedge Funds Weigh In On EMX Royalty

A number of institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of EMX Royalty by 26.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 77,900 shares of the company’s stock valued at $139,000 after purchasing an additional 16,200 shares during the last quarter. Kings Path Partners LLC purchased a new stake in EMX Royalty in the 2nd quarter valued at about $33,000. Finally, Marshall Wace LLP acquired a new position in EMX Royalty in the second quarter valued at about $33,000. 21.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMX. HC Wainwright boosted their price target on EMX Royalty from $6.75 to $7.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. National Bank Financial started coverage on shares of EMX Royalty in a research note on Tuesday, October 22nd. They issued an “outperform” rating for the company.

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.