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EMX Royalty

TSXV:EMX
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EMX
TSXV
CA$129M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

EMX Royalty Corporation engages in the acquisition, exploration, and evaluation of mineral properties. The last earnings update was 128 days ago. More info.


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EMX Share Price and Events
7 Day Returns
-1.8%
TSXV:EMX
-0.3%
CA Metals and Mining
0.5%
CA Market
1 Year Returns
39.1%
TSXV:EMX
-5.4%
CA Metals and Mining
0.9%
CA Market
EMX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EMX Royalty (EMX) -1.8% -5.3% 10.3% 39.1% 138.8% 36.8%
CA Metals and Mining -0.3% 0.9% 12.2% -5.4% 14.5% -18.7%
CA Market 0.5% 1.7% 14.2% 0.9% 17.2% 6.3%
1 Year Return vs Industry and Market
  • EMX outperformed the Metals and Mining industry which returned -5.4% over the past year.
  • EMX outperformed the Market in Canada which returned 0.9% over the past year.
Price Volatility
EMX
Industry
5yr Volatility vs Market

EMX Value

 Is EMX Royalty undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for EMX Royalty. This is due to cash flow or dividend data being unavailable. The share price is CA$1.6.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EMX Royalty's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EMX Royalty's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:EMX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.14
TSXV:EMX Share Price ** TSXV (2019-03-22) in CAD CA$1.6
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.47x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EMX Royalty.

TSXV:EMX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:EMX Share Price ÷ EPS (both in CAD)

= 1.6 ÷ -0.14

-11.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EMX Royalty is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • EMX Royalty is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does EMX Royalty's expected growth come at a high price?
Raw Data
TSXV:EMX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.71x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for EMX Royalty, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EMX Royalty's assets?
Raw Data
TSXV:EMX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.43
TSXV:EMX Share Price * TSXV (2019-03-22) in CAD CA$1.6
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.43x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.58x
TSXV:EMX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:EMX Share Price ÷ Book Value per Share (both in CAD)

= 1.6 ÷ 0.43

3.74x

* Primary Listing of EMX Royalty.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EMX Royalty is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess EMX Royalty's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. EMX Royalty has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EMX Future Performance

 How is EMX Royalty expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as EMX Royalty has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
34.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EMX Royalty expected to grow at an attractive rate?
  • Unable to compare EMX Royalty's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare EMX Royalty's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare EMX Royalty's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:EMX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.2%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:EMX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:EMX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 2 -5 -11
2018-06-30 3 -4 -9
2018-03-31 3 -3 -8
2017-12-31 3 -3 -7
2017-09-30 3 -3 -10
2017-06-30 3 -4 -2
2017-03-31 2 -4 -2
2016-12-31 2 -5 -3
2016-09-30 2 -5 0
2016-06-30 2 -5 -7
2016-03-31 2 -5 -7
2015-12-31 2 -5 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if EMX Royalty is high growth as no earnings estimate data is available.
  • Unable to determine if EMX Royalty is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:EMX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from EMX Royalty Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:EMX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.14
2018-06-30 -0.11
2018-03-31 -0.10
2017-12-31 -0.09
2017-09-30 -0.13
2017-06-30 -0.03
2017-03-31 -0.02
2016-12-31 -0.04
2016-09-30 0.00
2016-06-30 -0.09
2016-03-31 -0.10
2015-12-31 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if EMX Royalty will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine EMX Royalty's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. EMX Royalty's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. EMX Royalty's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess EMX Royalty's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EMX Royalty has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EMX Past Performance

  How has EMX Royalty performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EMX Royalty's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EMX Royalty does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare EMX Royalty's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare EMX Royalty's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
EMX Royalty's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EMX Royalty Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:EMX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2.41 -11.23 8.67
2018-06-30 2.85 -8.84 7.70
2018-03-31 3.00 -7.68 7.56
2017-12-31 2.86 -7.39 7.65
2017-09-30 2.77 -9.66 8.61
2017-06-30 2.52 -2.03 7.47
2017-03-31 2.28 -1.54 7.64
2016-12-31 2.23 -2.68 7.67
2016-09-30 1.98 0.22 7.05
2016-06-30 1.60 -6.56 6.98
2016-03-31 1.64 -6.99 7.23
2015-12-31 1.61 -6.88 7.51
2015-09-30 1.61 -18.33 8.13
2015-06-30 1.80 -17.63 8.47
2015-03-31 1.96 -17.94 9.02
2014-12-31 2.25 -17.45 8.95
2014-09-30 2.77 -8.45 8.70
2014-06-30 2.81 -13.74 8.47
2014-03-31 2.82 -12.92 7.95
2013-12-31 3.10 -13.98 8.40
2013-09-30 3.32 -18.11 12.33
2013-06-30 3.27 -18.02 14.64
2013-03-31 2.69 -20.08 16.01
2012-12-31 1.75 -20.90 16.86
2012-09-30 0.55 -17.90 13.62
2012-06-30 -15.61 13.67
2012-03-31 -13.80 12.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if EMX Royalty has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if EMX Royalty has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if EMX Royalty improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess EMX Royalty's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EMX Royalty has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EMX Health

 How is EMX Royalty's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EMX Royalty's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EMX Royalty is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EMX Royalty's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of EMX Royalty's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EMX Royalty Company Filings, last reported 5 months ago.

TSXV:EMX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 34.43 29.72 5.71
2018-06-30 37.85 6.45 8.30
2018-03-31 41.10 0.00 5.46
2017-12-31 42.37 0.00 4.67
2017-09-30 41.43 0.00 5.88
2017-06-30 44.29 0.00 7.11
2017-03-31 46.50 0.00 8.86
2016-12-31 42.17 0.00 3.46
2016-09-30 42.41 0.00 4.14
2016-06-30 37.12 0.00 2.65
2016-03-31 39.07 0.00 3.99
2015-12-31 43.32 0.00 5.87
2015-09-30 43.02 0.00 1.37
2015-06-30 42.72 0.00 2.81
2015-03-31 45.40 0.00 4.86
2014-12-31 45.09 0.00 7.19
2014-09-30 53.88 0.00 8.11
2014-06-30 53.98 0.00 10.72
2014-03-31 57.10 0.00 12.58
2013-12-31 57.98 0.00 13.91
2013-09-30 58.53 0.00 14.41
2013-06-30 65.70 0.00 16.16
2013-03-31 66.35 0.00 21.15
2012-12-31 68.37 0.00 23.29
2012-09-30 72.35 0.00 27.11
2012-06-30 45.16 0.00 35.63
2012-03-31 48.39 0.00 39.83
  • EMX Royalty's level of debt (86.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 86.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • EMX Royalty has sufficient cash runway for 1.2 years based on current free cash flow.
  • EMX Royalty has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of -15.2% each year.
X
Financial health checks
We assess EMX Royalty's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EMX Royalty has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EMX Dividends

 What is EMX Royalty's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from EMX Royalty dividends.
If you bought CA$2,000 of EMX Royalty shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate EMX Royalty's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate EMX Royalty's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:EMX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as EMX Royalty has not reported any payouts.
  • Unable to verify if EMX Royalty's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of EMX Royalty's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as EMX Royalty has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess EMX Royalty's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EMX Royalty afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EMX Royalty has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EMX Management

 What is the CEO of EMX Royalty's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Cole
COMPENSATION CA$689,327
AGE 56
TENURE AS CEO 16 years
CEO Bio

Mr. David Morrell Cole, also known as Dave, M.S. (Geology), P.Geo., has been President of Bullion Monarch Mining, Inc. since August 17, 2012. Mr. Cole has been the Chief Executive Officer and President of EMX Royalty Corp. (also known as Eurasian Minerals Inc.) since March 2003. He has been the President of Southern European Exploration Ltd. since March 2003. He specializes in developing new exploration ideas and opportunities, based on solid technical expertise and has a keen business sense. He served as Advisor of Till Capital Ltd. Mr. Cole served as Corporate Secretary of Reservoir Capital Corp. He was a Geologist of Newmont Mining Corp. from May 1992 to March 2003. At Newmont, he held a number of management and senior geologic positions, gaining extensive global experience as a project, mine, and generative exploration geologist in Nevada, Southeast Asia, South America, Europe, and Central Asia. He serves as a Director of Bronco Creek Exploration, Inc. Mr. Cole has been a Director of Eurasian Minerals Inc. since November 24, 2003 and Bullion Monarch Mining, Inc. since August 17, 2012. He is the Chairman of IG Copper LLC. Mr. Cole served as an Independent Director of Gold Standard Ventures Corp from March 29, 2012 to June 17, 2016. He served as a Member of Advisory Board at Gold Standard Ventures Corp since March 2011. He served as a Member of Technical Advisory Board for EMC Metals Corp. since November 2008. Mr. Cole served as a Member of Advisory Board at Till Capital Ltd. He served as an Independent Director at EMC Metals Corp. from November 2006 to November 2008. Mr. Cole served as a Director of Eurasian Minerals Inc. from September 29, 2003 to October 03, 2003. Mr. Cole served as an Independent Director of EMC Metals Corp. since November 22, 2006 until November 2008. He served as an Independent Director of Energy Metals Corp., from March 10, 2006 to November 22, 2006. Mr. Cole served as a Director of Standard Uranium Inc. from December 20, 2004 to 2006. Mr. Cole has over 25 years of industry experience. Mr. Cole is a successful Private Investor with an avid interest in the markets. Mr. Cole received his M.Sc. in Geology from Colorado State University and a B.Sc. Degree from Fort Lewis College in Colorado.

CEO Compensation
  • Dave's compensation has increased whilst company is loss making.
  • Dave's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the EMX Royalty management team in years:

6.6
Average Tenure
58.5
Average Age
  • The average tenure for the EMX Royalty management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dave Cole

TITLE
President
COMPENSATION
CA$689K
AGE
56
TENURE
16 yrs

Christina Cepeliauskas

TITLE
Chief Financial Officer
COMPENSATION
CA$156K
AGE
54
TENURE
10.5 yrs

Scott Close

TITLE
Director of Investor Relations

Jan Steiert

TITLE
Chief Legal Officer
TENURE
6.6 yrs

Tom Mair

TITLE
General Manager of Corporate Development
AGE
61
TENURE
1.8 yrs

Eric Jensen

TITLE
General Manager of Exploration
TENURE
6.8 yrs

Lori Pavle

TITLE
Corporate Secretary
TENURE
0.3 yrs

Dean Turner

TITLE
Consultant

M. Enders

TITLE
Consultant & Member of Advisory Board
COMPENSATION
CA$321K
AGE
63
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the EMX Royalty board of directors in years:

6.3
Average Tenure
65
Average Age
  • The tenure for the EMX Royalty board of directors is about average.
Board of Directors

Michael Winn

TITLE
Chairman of the Board
COMPENSATION
CA$78K
AGE
56
TENURE
6.8 yrs

Dave Cole

TITLE
President
COMPENSATION
CA$689K
AGE
56
TENURE
15.3 yrs

M. Enders

TITLE
Consultant & Member of Advisory Board
COMPENSATION
CA$321K
AGE
63
TENURE
4 yrs

Brian Levet

TITLE
Director
COMPENSATION
CA$85K
AGE
65
TENURE
8 yrs

Larry Okada

TITLE
Director
COMPENSATION
CA$24K
AGE
69
TENURE
5.8 yrs

Brian Bayley

TITLE
Independent Director
COMPENSATION
CA$85K
AGE
65
TENURE
22.8 yrs

Paul Stephens

TITLE
Member of Advisory Board
TENURE
4.1 yrs

Rael Lipson

TITLE
Member of Advisory Board
AGE
68
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by EMX Royalty insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
27. Dec 18 Buy David Cole Individual 27. Dec 18 27. Dec 18 10,000 CA$1.47 CA$14,711
17. Dec 18 Buy David Cole Individual 14. Dec 18 14. Dec 18 13,700 CA$1.46 CA$19,950
10. Dec 18 Buy David Cole Individual 10. Dec 18 10. Dec 18 8,300 CA$1.46 CA$12,116
08. Nov 18 Buy David Cole Individual 08. Nov 18 08. Nov 18 217,750 CA$1.70 CA$370,175
07. Nov 18 Buy David Cole Individual 05. Nov 18 05. Nov 18 2,900 CA$1.69 CA$4,887
30. Oct 18 Buy David Cole Individual 30. Oct 18 30. Oct 18 6,100 CA$1.68 CA$10,184
X
Management checks
We assess EMX Royalty's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EMX Royalty has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EMX News

Simply Wall St News

If You Had Bought EMX Royalty (CVE:EMX) Stock Three Years Ago, You Could Pocket A 136% Gain Today

To wit, the EMX Royalty Corporation (CVE:EMX) share price has flown 136% in the last three years. … We think companies that have neither significant revenues nor profits are pretty high risk. … EMX Royalty has already given some investors a taste of the sweet gains that high risk investing can generate, if your timing is right.

Simply Wall St -

Read This Before Selling EMX Royalty Corporation (CVE:EMX) Shares

EMX Royalty Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by President David Cole for CA$370k worth of shares, at about CA$1.70 per share. … That means that even when the share price was higher, an insider wanted to purchase shares

Simply Wall St -

What You Must Know About EMX Royalty Corporation's (CVE:EMX) Beta Value

Volatility is considered to be a measure of risk in modern finance theory. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Do Institutions Own EMX Royalty Corporation (CVE:EMX) Shares?

A look at the shareholders of EMX Royalty Corporation (CVE:EMX) can tell us which group is most powerful. … With a market capitalization of CA$123m, EMX Royalty is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for EMX Royalty

Simply Wall St -

Who Are The Largest Shareholders In EMX Royalty Corporation (CVE:EMX)?

Today, I will be analyzing EMX Royalty Corporation’s (CVE:EMX) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

How Should You Think About EMX Royalty Corporation's (CVE:EMX) Risks?

If you are a shareholder in EMX Royalty Corporation’s (CVE:EMX), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Generally, an investor should consider two types of risk that impact the market value of EMX. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

EMX Company Info

Description

EMX Royalty Corporation engages in the acquisition, exploration, and evaluation of mineral properties. It explores for gold, silver, copper, molybdenum, lead, zinc, volcanogenic massive sulfide, and iron deposits. Its principal asset is the Leeville royalty property located in Eureka County, Nevada. The company also holds properties in North America, Turkey, Europe, Australia, and New Zealand. The company was formerly known as Eurasian Minerals Inc. and changed its name to EMX Royalty Corporation in July 2017. EMX Royalty Corporation is headquartered in Vancouver, Canada.

Details
Name: EMX Royalty Corporation
EMX
Exchange: TSXV
Founded:
CA$129,457,848
80,911,155
Website: http://www.emxroyalty.com
Address: EMX Royalty Corporation
543 Granville Street,
Suite 501,
Vancouver,
British Columbia, V6C 1X8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV EMX Common Shares TSX Venture Exchange CA CAD 28. Nov 1996
AMEX EMX Common Shares NYSE MKT LLC US USD 28. Nov 1996
DB 6E9 Common Shares Deutsche Boerse AG DE EUR 28. Nov 1996
Number of employees
Current staff
Staff numbers
0
EMX Royalty employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:50
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.