EMX ROYALTY CORP (NYSEARCA:EMX) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, which focuses on precious and base metals royalties, exhibits strong technical trends and accelerating fundamentals, making it a candidate for further analysis by growth-oriented investors.
Why EMX Fits Minervini’s Trend Template
The Trend Template requires stocks to meet specific technical conditions to confirm a strong uptrend. EMX satisfies these criteria:
- Price Above Key Moving Averages: EMX is trading at $2.75, well above its 50-day ($2.37), 150-day ($2.02), and 200-day ($1.97) moving averages.
- Upward-Trending Averages: The 50-day, 150-day, and 200-day moving averages are all rising, confirming sustained momentum.
- Relative Strength: With a ChartMill Relative Strength score of 87.76, EMX outperforms nearly 88% of stocks, a key trait of market leaders.
- Price Near 52-Week High: The stock is within 5% of its 52-week high ($2.90), indicating strong bullish momentum.
High Growth Momentum (HGM) Factors
Beyond technical strength, EMX demonstrates accelerating growth metrics:
- Earnings Growth: EPS surged 158% year-over-year in the latest quarter, with TTM EPS growth at 107.7%.
- Revenue Trends: While TTM revenue growth is negative (-1.6%), recent quarterly sales improved by 35% YoY.
- Profit Margins: The latest quarter showed a solid profit margin of 14.96%, with prior quarters even stronger (21.6% in Q-1).
Technical Outlook
According to ChartMill’s technical report, EMX scores a perfect 10/10 on technical health, with both short-term and long-term trends positive. However, the setup rating is currently low (3/10), suggesting investors may want to wait for a consolidation before entering.
For a deeper dive into EMX’s technicals, review the full technical report here.
Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.
Disclaimer
This is not investment advice. Always conduct your own research before making investment decisions.
