EMX Royalty (NYSEAMERICAN:EMX) Shares Up 1.2% – Still a Buy?

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

EMX Royalty Stock Performance

The stock has a market capitalization of $450.18 million, a PE ratio of 68.34 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.86 and a quick ratio of 7.86. The business’s fifty day moving average price is $4.10 and its 200-day moving average price is $4.10.

Institutional Investors Weigh In On EMX Royalty

A number of institutional investors and hedge funds have recently modified their holdings of EMX. Arrowstreet Capital Limited Partnership lifted its holdings in shares of EMX Royalty by 128.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 871,183 shares of the company’s stock worth $4,481,000 after buying an additional 489,488 shares in the last quarter. Two Sigma Investments LP purchased a new stake in EMX Royalty in the third quarter valued at approximately $2,285,000. Marshall Wace LLP raised its stake in EMX Royalty by 30.5% in the second quarter. Marshall Wace LLP now owns 1,304,509 shares of the company’s stock valued at $3,287,000 after purchasing an additional 305,232 shares in the last quarter. Bank of America Corp DE raised its stake in EMX Royalty by 2,565.0% in the second quarter. Bank of America Corp DE now owns 266,504 shares of the company’s stock valued at $672,000 after purchasing an additional 256,504 shares in the last quarter. Finally, Man Group plc raised its stake in EMX Royalty by 136.7% in the second quarter. Man Group plc now owns 368,949 shares of the company’s stock valued at $930,000 after purchasing an additional 213,045 shares in the last quarter. 21.54% of the stock is owned by hedge funds and other institutional investors.

About EMX Royalty

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.