EMX Royalty ( (TSE:EMX) ) has shared an announcement.
EMX Royalty Corporation has received an early payment of $6.85 million from AbraSilver Resource Corp, reducing its original obligation and retaining a 1% NSR on AbraSilver’s Diablillos project in Argentina. The funds will be used to repay $10 million of EMX’s long-term debt, reducing its outstanding debt from $35 million to $25 million, which strengthens its financial position and enhances its market standing.
Spark’s Take on TSE:EMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:EMX is a Neutral.
EMX Royalty’s overall score reflects a blend of strong technical momentum and strategic corporate actions that are offset by financial performance challenges and a weak valuation. The company benefits from a solid capital structure and strategic initiatives like share repurchases and acquisitions, yet profitability and cash flow issues remain key concerns.
To see Spark’s full report on TSE:EMX stock, click here.
More about EMX Royalty
EMX Royalty Corporation is a company that focuses on precious and base metals royalties. It provides investors with opportunities in discovery, development, and commodity price optionality while minimizing exposure to the risks typically associated with operating companies. EMX’s shares are traded on the NYSE American Exchange and TSX Venture Exchange under the symbol ‘EMX’.
YTD Price Performance: 7.47%
Average Trading Volume: 401,004
Technical Sentiment Signal: Buy
Current Market Cap: $204.4M
For an in-depth examination of EMX stock, go to TipRanks’ Stock Analysis page.