EMX Royalty Corp. Hits Day High with Strong 7.55% Intraday Surge

EMX Royalty Corp., a small-cap player in the gems, jewellery, and watches industry, has experienced a notable surge today, gaining 7.55% and reaching an intraday high of CAD 5.82. This performance stands in contrast to the S&P/TSX 60, which saw a modest increase of 0.14% on the same day.
Over the past year, EMX Royalty Corp. has delivered impressive returns of 131.71%, significantly outperforming the S&P/TSX 60's 18.69% gain. The company's year-to-date performance also reflects strong growth, with a 128.0% increase compared to the index's 19.0%. However, the stock has faced some challenges recently, with a 20.5% decline over the past month.

Institutional investors have shown increasing confidence in EMX Royalty Corp., raising their stakes by 4.7% in the last quarter, now holding 14.84% of the company. This trend indicates a growing recognition of the company's fundamentals. With a market capitalization of CAD 674 million, EMX Royalty Corp. continues to position itself as a noteworthy entity within its industry.