Versamet Royalties (NASDAQ:VMET) Announces Earnings Results

Versamet Royalties (NASDAQ:VMET) posted its quarterly earnings data on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Versamet Royalties had a return on equity of 14.54% and a net margin of 58.44%.

Versamet Royalties Stock Up 1.9%

Versamet Royalties stock traded up $0.19 on Thursday, hitting $10.13. The company’s stock had a trading volume of 136,620 shares, compared to its average volume of 160,157. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 31.66. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $10.54. Versamet Royalties has a one year low of $5.40 and a one year high of $15.58.

Wall Street Analysts Forecast Growth

VMET has been the subject of several research reports. Wall Street Zen upgraded shares of Versamet Royalties to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Versamet Royalties in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

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.