EMX - EMX Royalty: Timok And Balya Are Game-Changers For This Royalty Junior
- EMX Royalty has generated an uninspiring amount of recurring revenue for the past several years given the breadth of its royalty portfolio, but this is about to change in FY2021.
- This is because the company should begin to benefit from two major projects beginning in H2 2021: Balya in Turkey, and Timok in Serbia.
- Assuming a smooth ramp-up, this should give EMX Royalty one of the highest revenue growth rates among its peers, and begin to justify its lofty enterprise value to sales ratio.
- Given the strong growth potential looking out to H2 2021, and a massive portfolio with further upside, EMX Royalty is a name worth keeping an eye on this year.
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EMX Royalty: Timok And Balya Are Game-Changers For This Royalty Junior