Versamet Royalties (NASDAQ:VMET) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Versamet Royalties (NASDAQ:VMET) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Versamet Royalties in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Versamet Royalties Price Performance

Shares of VMET opened at $10.15 on Friday. Versamet Royalties has a 1 year low of $5.55 and a 1 year high of $15.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a 50 day moving average price of $10.04. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 28.20.

Versamet Royalties (NASDAQ:VMET) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $23.73 million for the quarter. Versamet Royalties had a return on equity of 12.22% and a net margin of 49.92%. On average, equities analysts anticipate that Versamet Royalties will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Versamet Royalties

A hedge fund recently bought a new stake in Versamet Royalties stock. Public Employees Retirement System of Ohio acquired a new stake in Versamet Royalties Corporation (NASDAQ:VMET) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,486 shares of the company’s stock, valued at approximately $104,000.

About Versamet Royalties

Versamet Royalties Corporation is a mid-tier precious metals royalty and streaming company. The Company is focused on building a diverse portfolio of royalty and streaming assets. Its portfolio includes producing and development-stage assets across a range of commodities. Versamet Royalties Corporation is based in VANCOUVER, Canada.