H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on EMX Royalty (EMX – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.99.
Ihle covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Drdgold, and Gold Resource. According to TipRanks, Ihle has an average return of -14.5% and a 30.56% success rate on recommended stocks.
Currently, the analyst consensus on EMX Royalty is a Moderate Buy with an average price target of $4.00.
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EMX market cap is currently $217.3M and has a P/E ratio of -36.72.
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EMX Royalty Corp. engages in the acquisition and exploration of precious and base metals properties. The company focuses on the gold, copper, silver, lead, zinc and molybdenum properties. It conducts exploration on properties located primarily in Turkey, Haiti, Kyrgyz Republic, Europe, Southwest United States, and Asia Pacific. The company was founded on August 21, 2001 and is headquartered in Vancouver, Canada.
