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 $1.92.
Ihle covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Gold Resource, and Galiano Gold. According to TipRanks, Ihle has an average return of -14.6% and a 29.46% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EMX Royalty with a $4.00 average price target.
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The company has a one-year high of $2.34 and a one-year low of $1.57. Currently, EMX Royalty has an average volume of 137K.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EMX in relation to earlier this year.
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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.
