The Globe and Mail reports in its Thursday, Aug. 14, edition that National Bank Financial analyst Shane Nagle has reiterated his "outperform" recommendation for EMX Royalty. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle gave his share target a 50-cent boost to $5.75. Analysts on average target the shares at $5.55. Mr. Nagle says in a note: "Our 'outperform' rating for EMX remains based on revenue generation and growth from large-scale, long-life assets in Caserones and Timok with impactful revenue generated from its royalty origination business. We view an asset like Timok as having world-class potential forming the basis for much of our valuation (36 per cent of NAV). Our target has been increased on account of incorporating revenues from Vittangi as well as the application of a lower discount rate at Timok to reflect positive advancement of lower zone development and premium being applied in the market to large-scale 'World-Class' assets under current market conditions." The Globe reported on Oct. 23 and May 15 that Mr. Nagle continued to rate EMX Royalty "outperform." The shares could then be had for $2.68 and $2.88.