EMX Royalty Corp (AMEX:EMX) price on Friday, February 28, rose 2.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.79.
A look at the stock’s price movement, the close in the last trading session was $1.75. Turning to its 52-week performance, $2.15 and $1.47 were the 52-week high and 52-week low respectively. Overall, EMX moved 7.19% over the past month.
EMX Royalty Corp’s market cap currently stands at around $197.29 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 8.59M for the company’s revenue for the quarter, with a low and high estimate of 8.59M and 8.59M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 38.45M, representing a 6.18% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EMX is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend EMX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EMX’s current price about -1.92% and 1.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.06, while 7-day volatility ratio is 3.78% and 3.28% in the 30-day chart. Further, EMX Royalty Corp (EMX) has a beta value of 0.71, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $6.75, forecast between a low of $6.75 and high of $6.75. Looking at the price targets, the low is -277.09% off current price level while to achieve the yearly target high, price needs to move -277.09%. Nonetheless, investors will most likely welcome a -277.09% jump to $6.75 which is the analysts’ median price.
If we refocus on EMX Royalty Corp (AMEX:EMX), historical trading data shows that trading volumes averaged 312.88K over the past 3 months. The company’s latest data on shares outstanding shows there are 114.24 million shares.
The 12.80% of EMX Royalty Corp’s shares are in the hands of company insiders while institutional holders own 11.10% of the company’s shares. Current price change has pushed the stock 3.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EMX stock continues to rise going into the next quarter.
