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EMX Royalty
(NYSE MKT:EMX)
EMX Royalty (EMX) vs. iShares MSCI Canada ETF (EWC)
EMX Royalty Business Overview & Revenue Model
EMX Royalty Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.63M | 23.80M | 27.38M | 16.50M | 2.94M | 1.16M |
| Gross Profit | 12.61M | 6.17M | 12.48M | 1.77M | -7.06M | -6.41M |
| EBITDA | 18.42M | 10.78M | 6.92M | 19.33M | -21.74M | -8.44M |
| Net Income | 4.86M | -3.29M | -6.14M | 4.36M | -23.73M | -4.71M |
Balance Sheet | ||||||
| Total Assets | 146.84M | 156.90M | 158.57M | 168.83M | 164.56M | 80.73M |
| Cash, Cash Equivalents and Short-Term Investments | 23.41M | 32.12M | 26.73M | 25.92M | 31.85M | 54.25M |
| Total Debt | 24.62M | 34.55M | 32.75M | 40.49M | 50.52M | 0.00 |
| Total Liabilities | 30.79M | 41.42M | 38.13M | 45.63M | 55.53M | 4.06M |
| Stockholders Equity | 116.05M | 115.48M | 120.44M | 123.20M | 109.03M | 76.66M |
Cash Flow | ||||||
| Free Cash Flow | 2.83M | 3.32M | 14.61M | 15.55M | ― | ― |
| Operating Cash Flow | 14.49M | 6.82M | 14.78M | 16.73M | ― | ― |
| Investing Cash Flow | 2.12M | 6.35M | 8.83M | -19.98M | ― | ― |
| Financing Cash Flow | -20.81M | -6.86M | -12.12M | -526.00K | 58.65M | 1.69M |
EMX Royalty Technical Analysis
EMX Royalty Risk Analysis
EMX Royalty Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | C$464.69M | ― | -24.29% | ― | ― | -1422.76% | |
46 Neutral | C$621.68M | 94.46 | 4.17% | ― | 1.24% | ― | |
46 Neutral | $598.89M | ― | -1.92% | ― | ― | 41.98% | |
44 Neutral | C$342.46M | ― | -29.77% | ― | 111.95% | -620.38% | |
42 Neutral | C$379.19M | ― | -46.38% | ― | ― | 19.55% | |
38 Underperform | C$533.87M | -103.13 | -1.89% | ― | ― | -7040.00% |
EMX Royalty Corporate Events
EMX Royalty Corporation has received overwhelming approval from its securityholders for a plan of arrangement with Elemental Altus Royalties Corp. This arrangement involves Elemental Altus acquiring all issued and outstanding common shares of EMX through an amalgamation process. The approval marks a significant step in the transaction, which still requires a final court order and other regulatory approvals. The completion of the arrangement is expected by mid-November 2025, pending these conditions. This development could potentially enhance EMX’s market positioning and provide new opportunities for its stakeholders.
The most recent analyst rating on (TSE:EMX) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
On October 22, 2025, EMX Royalty Corporation announced that leading proxy advisory firms, including Institutional Shareholder Services Inc., have recommended shareholders vote in favor of a proposed arrangement with Elemental Altus Royalties Corp. This arrangement involves Elemental Altus acquiring all outstanding common shares of EMX through an amalgamation with Acquireco. The board of EMX supports this resolution, which is set to be voted on at a special meeting on November 4, 2025. The proposed merger is expected to create a more diversified and financially robust royalty company, offering shareholders potential for long-term growth and enhanced market positioning.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
On October 2, 2025, EMX Royalty Corporation announced that it has received an interim order from the Supreme Court of British Columbia to proceed with a special meeting of securityholders to approve an arrangement with Elemental Altus Royalties Corp. The arrangement involves Elemental Altus acquiring all outstanding common shares of EMX at a specified exchange ratio. Due to a Canada Post strike, EMX has taken measures to ensure the delivery of meeting materials to securityholders, encouraging them to vote online or by telephone. The arrangement is expected to create a leading revenue-generating royalty company with significant growth potential, supported by a diversified portfolio and complementary management expertise. The board of directors of EMX unanimously recommends that securityholders vote in favor of the arrangement.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
On October 2, 2025, EMX Royalty Corporation announced a special meeting scheduled for November 4, 2025, to consider a plan of arrangement involving EMX, Elemental Altus Royalties Corp., and 1554829 B.C. Ltd. The board of directors recommends that securityholders vote in favor of the arrangement, which requires approval by a significant majority. This meeting is crucial for EMX’s strategic positioning and could impact its operations and stakeholder interests significantly.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
EMX Royalty Corporation has announced a special meeting of security holders scheduled for November 4, 2025, in Vancouver, BC. The meeting will address matters pertinent to shareholders, with the record date for notice and voting set for September 25, 2025. This meeting is significant for stakeholders as it will provide updates and decisions that could impact the company’s strategic direction and shareholder value.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
On September 4, 2025, EMX Royalty Corporation and Elemental Altus Royalty Corp. announced a definitive arrangement agreement where Elemental Altus will acquire all issued and outstanding common shares of EMX in an all-share transaction valued at approximately US$456 million. This transaction will result in the delisting of EMX shares from the TSX Venture Exchange and NYSE American, with the merged entity being renamed Elemental Royalty Corp. The merger, expected to close in the fourth quarter of 2025, will see existing Elemental Altus shareholders and former EMX shareholders owning approximately 51% and 49% of the merged company, respectively. The transaction is subject to various approvals, including shareholder, regulatory, and court approvals, and involves a concurrent financing agreement with Tether Investments.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
EMX Royalty Corporation has announced an update on the sale of its Nordic business unit to First Nordic Metals Corporation, a partner and operator on multiple EMX royalty properties in Sweden and Finland. This strategic divestment, which includes regional infrastructure, exploration equipment, and employees, is subject to final acceptance by the TSX Venture Exchange and clearance under the Swedish Foreign Direct Investment Act, expected by the end of October 2025. The transaction aims to streamline EMX’s operations and potentially enhance its market positioning by focusing on core assets.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
Elemental Altus Royalties Corp. and EMX Royalty Corporation have announced a merger to form Elemental Royalty Corp., a new mid-tier gold-focused royalty company. The merger is expected to enhance the company’s market position with a diverse portfolio of 16 producing royalties and projected revenues of approximately US$80 million in 2026. The merger aims to capitalize on the current high gold prices and fill a market gap left by recent industry consolidations, with plans for future growth and a potential US listing.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
EMX Royalty Corporation is a company specializing in precious and base metals royalties, providing investors with exposure to commodity price optionality while minimizing operational risks, with its shares listed on the NYSE American Exchange and TSX Venture Exchange under the symbol ‘EMX’.
EMX Royalty Corporation announced significant advancements at the Diablillos Silver-Gold Royalty Property in Argentina, with AbraSilver Resource Corp. updating its mineral resource estimate. The update shows a 34% increase in contained silver and a 27% increase in contained gold, enhancing the project’s economics. EMX holds a 1% NSR royalty on the property, with all known mineralization occurring within its royalty ground. The project is on track to receive environmental approval and deliver a definitive feasibility study by early 2026, with ongoing drilling and exploration efforts expected to further increase resource estimates. These developments position EMX favorably within the industry, potentially increasing its royalty income and strengthening its market position.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
On August 11, 2025, EMX Royalty Corporation announced its financial results for the first half of 2025, highlighting significant growth in adjusted royalty revenue and EBITDA. The company reported a substantial increase in cash flow from operations, driven by early payments from AbraSilver Resources and Aftermath Silver. EMX also completed strategic transactions, including a $10 million early repayment on its credit facility and the sale of its Nordic operational platform. Additionally, EMX entered an exploration alliance in Morocco and commenced a share repurchase program, reflecting its focus on disciplined capital management and growth.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.
EMX Royalty Corporation released its financial statements for the period ending June 30, 2025, showing a decrease in total assets from $156.9 million at the end of 2024 to $146.8 million. The company reported a net income from operations of $975,000 for the three months ended June 30, 2025, compared to a loss of $837,000 in the same period of 2024, indicating a positive shift in financial performance.
The most recent analyst rating on (TSE:EMX) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on EMX Royalty stock, see the TSE:EMX Stock Forecast page.