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H.C. Wainwright reiterates Buy rating on EMX Royalty stock amid merger

Published 08/09/2025, 13:06
H.C. Wainwright reiterates Buy rating on EMX Royalty stock amid merger
EMX
-0.12%
ELE
-0.44%

Investing.com - H.C. Wainwright has reiterated its Buy rating and $5.75 price target on EMX Royalty Corporation (NYSE:EMX) following the company’s merger announcement with Elemental Altus Royalties. EMX shares are currently trading at $4.07, near their 52-week high of $4.12, after delivering an impressive 130% return over the past six months.

On September 4, EMX Royalty and Elemental Altus Royalties (ELE.V) announced an agreement under which Elemental will acquire all issued and outstanding EMX shares, with the merged entity to operate as "Elemental Royalty Corporation."

According to the deal terms, EMX shareholders will receive 0.2822 Elemental Altus shares for each EMX share, representing a 9.8% premium compared to prior closing prices and valuing EMX at approximately $456.7 million.

The combined company is expected to have 16 producing royalties and combined revenue guidance of $70.0 million in 2026, positioning Elemental Royalty as a mid-tier streaming and royalty company.

The transaction is anticipated to close in the fourth quarter of 2025, with H.C. Wainwright maintaining its positive outlook on EMX shares. Discover more insights and 18 additional ProTips for EMX with InvestingPro.

In other recent news, EMX Royalty Corporation reported its financial results for the second quarter, revealing total revenue of $6.2 million. This marks an increase from the $6.0 million reported in the same quarter of the previous year. The company also achieved a net income of $0.6 million, or $0.01 per share, a significant improvement compared to a net loss of $4.0 million, or ($0.04) per share, in the second quarter of 2024. In light of these results, H.C. Wainwright has raised its price target for EMX Royalty to $5.75, up from $5.00, while maintaining a Buy rating on the stock. These recent developments highlight the company’s strong cash flows and improved financial performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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