EMX Royalty Co. (NYSEAMERICAN:EMX) Short Interest Down 19.7% in November

EMX Royalty Co. (NYSEAMERICAN:EMX) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 106,300 shares, a drop of 19.7% from the November 15th total of 132,300 shares. Based on an average trading volume of 272,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On EMX Royalty

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new stake in shares of EMX Royalty in the second quarter valued at $33,000. Kings Path Partners LLC purchased a new stake in shares of EMX Royalty during the 2nd quarter valued at $33,000. Finally, BNP Paribas Financial Markets boosted its holdings in EMX Royalty by 26.3% in 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 during the last quarter. Hedge funds and other institutional investors own 21.54% of the company’s stock.

EMX Royalty Stock Performance

Shares of NYSEAMERICAN EMX traded down $0.02 during midday trading on Monday, reaching $1.74. 132,911 shares of the company were exchanged, compared to its average volume of 282,656. EMX Royalty has a 1 year low of $1.41 and a 1 year high of $2.15. The company has a quick ratio of 13.15, a current ratio of 13.15 and a debt-to-equity ratio of 0.30. The firm has a market cap of $191.96 million, a P/E ratio of -43.75 and a beta of 0.80.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HC Wainwright raised their price target on EMX Royalty from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. National Bank Financial assumed coverage on shares of EMX Royalty in a research report on Tuesday, October 22nd. They set an “outperform” rating on the stock.

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.