In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on EMX Royalty (EMX – Research Report), with a price target of $4.75. The company’s shares closed yesterday at $1.91.
Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Golden Minerals Co, and Endeavour Silver. According to TipRanks, Ihle has an average return of -16.9% and a 25.80% success rate on recommended stocks.
Currently, the analyst consensus on EMX Royalty is a Moderate Buy with an average price target of $4.75.
See Insiders’ Hot Stocks on TipRanks >>
Based on EMX Royalty’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $273 thousand. In comparison, last year the company earned a revenue of $2.18 million and had a GAAP net loss of $10.88 million
Based on the recent corporate insider activity of 13 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
