EMX Royalty price target raised to $6.75 from $6.50 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on EMX Royalty (EMX) to $6.75 from $6.50 and keeps a Buy rating on the shares after the company announced an exploration and option agreement for its Gumsberg Project in Sweden. The transaction is another example of management proving EMX’s business model that entails selling off some drill-ready exploration projects in exchange for royalty interests, the analyst tells investors in a research note.