EMX Royalty (NYSEAMERICAN:EMX) Rating Increased to Hold at Zacks Investment Research

EMX Royalty (NYSEAMERICAN:EMXGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “EMX Royalty Corporation, together with its subsidiaries, operates as a royalty and prospect generator engaged in the exploring for, and generating royalties from, metals and minerals properties. The Company’s royalty and exploration portfolio mainly consists of properties in North America, Turkey, Europe, Haiti, Australia, and New Zealand. “

Several other equities research analysts also recently issued reports on EMX. TheStreet downgraded EMX Royalty from a “c-” rating to a “d+” rating in a report on Wednesday, January 26th. HC Wainwright restated a “buy” rating and set a $4.25 price objective on shares of EMX Royalty in a report on Tuesday.

EMX Royalty stock opened at $2.17 on Thursday. EMX Royalty has a one year low of $1.85 and a one year high of $3.67.

A number of institutional investors and hedge funds have recently modified their holdings of EMX. Bank of New York Mellon Corp bought a new position in EMX Royalty during the 3rd quarter worth $26,000. Advisor Group Holdings Inc. acquired a new position in EMX Royalty during the 4th quarter worth $35,000. Morgan Stanley boosted its position in EMX Royalty by 71.6% during the 1st quarter. Morgan Stanley now owns 15,041 shares of the company’s stock worth $45,000 after acquiring an additional 6,276 shares during the period. Seelaus Asset Management LLC acquired a new position in EMX Royalty during the 1st quarter worth $63,000. Finally, Virtu Financial LLC boosted its position in EMX Royalty by 127.4% during the 4th quarter. Virtu Financial LLC now owns 54,798 shares of the company’s stock worth $124,000 after acquiring an additional 30,697 shares during the period.

About EMX Royalty (Get Rating)

EMX Royalty Corporation, together with its subsidiaries, engages in the exploring for, and generating royalties from, metals and minerals properties. It explores for gold, silver, platinum, palladium, copper, lead, zinc, nickel, cobalt, volcanogenic massive sulfide, molybdenum, and iron deposits. The company's royalty and exploration portfolio primarily consist of properties in North America, Turkey, Europe, Australia, New Zealand, South America, as well as Sweden, and Norway.

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