Empire Metals (LON:EEE) Stock Gets Price Target Increase from Canaccord Genuity Group

Empire Metals (LON:EEE) had its price objective hoisted by analysts at Canaccord Genuity Group from GBX 62 to GBX 70 in a research report issued to clients and investors on Friday, Digital Look reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group‘s price target suggests a potential upside of 135.10% from the stock’s previous close.

Empire Metals Stock Down 6.4%

Empire Metals stock opened at GBX 29.77 on Friday. The business has a fifty day moving average of GBX 38.47 and a two-hundred day moving average of GBX 37.39. The company has a quick ratio of 20.03, a current ratio of 37.87 and a debt-to-equity ratio of 0.22. The firm has a market cap of £219.61 million, a P/E ratio of -57.04 and a beta of 2.17. Empire Metals has a twelve month low of GBX 25.63 and a twelve month high of GBX 53.

Empire Metals (LON:EEE) last announced its earnings results on Thursday, August 27th. The company reported GBX (0.26) earnings per share (EPS) for the quarter.

Empire Metals Company Profile

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO? for 113 million tonnes of contained TiO?.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.