S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
On Friday, H.C. Wainwright adjusted its outlook on EMX Royalty Corporation (NYSE:EMX), reducing the price target to $5.00 from the previous $7.00, yet reaffirmed its Buy rating on the stock. According to InvestingPro data, EMX demonstrates strong revenue growth of 25.5% over the last twelve months, despite showing negative earnings. The firm’s analyst pointed to the company’s financial results for the year, noting a total revenue of $27.4 million, which led to a net loss of $3.3 million, or ($0.03) per share. This performance marks a slight improvement over 2023’s total revenue of $26.6 million and a net loss of $4.6 million, or ($0.04) per share.
The slight uptick in revenue for the year was mainly attributed to higher commodity prices, which boosted production from the Gediktepe and Leeville royalties. Trading at an EV/EBITDA multiple of 20.15x, EMX maintains relatively low price volatility with a beta of 0.65. However, the positive impact was somewhat mitigated by a decrease in income from option deals and other property-related transactions. InvestingPro subscribers can access additional insights about EMX’s valuation metrics and growth potential.
The analyst also highlighted EMX’s cash flow from operations, which showed significant growth, rising to $6.5 million from $4.3 million the previous year. This increase is viewed as a demonstration of the company’s operational improvement.
With a healthy cash and cash equivalents balance of $26.8 million, EMX Royalty Corporation is seen as being in a strong position to seek out and secure new royalty opportunities in the year 2025. The firm’s reiteration of a Buy rating reflects confidence in EMX’s potential despite the lowered price target.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.