Versamet Royalties (NASDAQ:VMET) Now Covered by Analysts at TD Securities

Research analysts at TD Securities initiated coverage on shares of Versamet Royalties (NASDAQ:VMET) in a report released on Thursday, Briefing.com reports. The brokerage set a “buy” rating on the stock.

Several other equities research analysts have also recently weighed in on VMET. Weiss Ratings upgraded Versamet Royalties from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Wall Street Zen cut shares of Versamet Royalties from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Versamet Royalties presently has an average rating of “Moderate Buy”.

Versamet Royalties Price Performance

Versamet Royalties stock opened at $8.51 on Thursday. The company has a market capitalization of $926.14 million and a price-to-earnings ratio of 23.64. Versamet Royalties has a one year low of $6.94 and a one year high of $15.58. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.82. The stock has a fifty day moving average of $9.71.

Versamet Royalties (NASDAQ:VMET) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $23.73 million for the quarter. Versamet Royalties had a net margin of 49.92% and a return on equity of 12.22%. Sell-side analysts expect that Versamet Royalties will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Versamet Royalties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in Versamet Royalties in the 2nd quarter worth about $104,000. Sequoia Financial Advisors LLC bought a new stake in shares of Versamet Royalties during the 2nd quarter valued at about $338,000. Finally, Knoll Capital Management LLC purchased a new position in shares of Versamet Royalties during the second quarter worth about $821,000.

Versamet Royalties Company Profile

Versamet Royalties Corporation is a mineral royalty and streaming company focused on acquiring and managing interests in precious- and base-metal mining assets. Rather than operating mines directly, the company provides capital or other financing to mining companies in exchange for rights to receive a portion of future production, revenue or mineral sales.

Its portfolio is designed to provide exposure to a range of commodities and mining projects across various stages of development, including producing, development-stage and exploration assets.