National Bank Financial Upgrades EMX Royalty (CVE:EMX) to Strong-Buy

National Bank Financial upgraded shares of EMX Royalty (CVE:EMX) to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports.

EMX Royalty Price Performance

Shares of CVE:EMX opened at C$2.68 on Monday. The stock has a market capitalization of C$304.26 million, a P/E ratio of -89.33 and a beta of 0.85. The business has a 50-day moving average of C$2.42 and a two-hundred day moving average of C$2.51. EMX Royalty has a fifty-two week low of C$1.91 and a fifty-two week high of C$2.92. The company has a debt-to-equity ratio of 28.76, a current ratio of 0.94 and a quick ratio of 4.65.

EMX Royalty (CVE:EMX) last posted its earnings results on Monday, August 12th. The company reported C($0.05) earnings per share for the quarter. EMX Royalty had a negative return on equity of 2.11% and a negative net margin of 7.44%. The company had revenue of C$8.22 million during the quarter. On average, equities research analysts predict that EMX Royalty will post 0.01014 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director David M. Cole bought 200,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of C$2.05 per share, with a total value of C$410,000.00. In other EMX Royalty news, Director David M. Cole bought 200,000 shares of the stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of C$2.05 per share, with a total value of C$410,000.00. Also, Senior Officer Christina Cepeliauskas sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of C$2.57, for a total value of C$51,424.00. Insiders own 18.66% of the company’s 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.