EMX Royalty (NYSEAMERICAN:EMX) Shares Up 1.2% – Here’s Why

EMX Royalty Corp. (NYSEAMERICAN:EMX)’s stock price shot up 1.2% during trading on Thursday . The company traded as high as $4.20 and last traded at $4.10. 567,941 shares were traded during mid-day trading, an increase of 2% from the average session volume of 557,344 shares. The stock had previously closed at $4.05.

EMX Royalty Stock Up 1.2%

The stock has a market cap of $450.18 million, a price-to-earnings ratio of 68.34 and a beta of 0.33. The firm’s fifty day moving average price is $4.10 and its two-hundred day moving average price is $3.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.86 and a quick ratio of 7.86.

Hedge Funds Weigh In On EMX Royalty

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in EMX Royalty during the 1st quarter valued at $30,000. JPMorgan Chase & Co. acquired a new position in shares of EMX Royalty during the third quarter valued at about $37,000. Cubist Systematic Strategies LLC increased its position in shares of EMX Royalty by 97.0% during the first quarter. Cubist Systematic Strategies LLC now owns 23,116 shares of the company’s stock worth $47,000 after acquiring an additional 11,383 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of EMX Royalty in the 3rd quarter worth about $63,000. Finally, Goldman Sachs Group Inc. lifted its position in EMX Royalty by 78.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 42,640 shares of the company’s stock valued at $87,000 after acquiring an additional 18,753 shares in the last quarter. 21.54% of the stock is currently owned by institutional investors.

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.