Versamet Royalties (NASDAQ:VMET) Issues Earnings Results

Versamet Royalties (NASDAQ:VMET) issued its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04, Zacks reports. Versamet Royalties had a return on equity of 12.22% and a net margin of 49.92%.

Versamet Royalties Trading Down 7.0%

VMET stock traded down $0.66 during trading on Tuesday, reaching $8.72. 291,619 shares of the stock traded hands, compared to its average volume of 205,732. The business’s 50 day moving average price is $9.04 and its 200-day moving average price is $10.43. Versamet Royalties has a 52-week low of $7.60 and a 52-week high of $15.58. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $949.00 million and a PE ratio of 24.22.

Analysts Set New Price Targets

A number of research firms have recently commented on VMET. Wall Street Zen downgraded shares of Versamet Royalties from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. TD Securities began coverage on shares of Versamet Royalties in a research report on Thursday, October 8th. They set a “buy” rating for the company. Finally, Weiss Ratings downgraded shares of Versamet Royalties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Versamet Royalties Company Profile

Versamet Royalties is a mining royalty and streaming company. It provides financing to mine operators in exchange for rights to receive a portion of future production or revenue, giving it exposure to mining projects without operating the mines itself. The company’s portfolio includes interests tied to precious-metals production and development. Its business involves acquiring and managing royalties and streams across mining projects, with the value of those interests dependent on project development and operations.