Knoll Capital Management LLC Takes $821,000 Position in Versamet Royalties Corporation $VMET

Knoll Capital Management LLC acquired a new position in Versamet Royalties Corporation (NASDAQ:VMET) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 66,621 shares of the company’s stock, valued at approximately $821,000. Knoll Capital Management LLC owned about 0.06% of Versamet Royalties at the end of the most recent quarter.

Separately, Sequoia Financial Advisors LLC bought a new position in Versamet Royalties during the second quarter worth $338,000.

Versamet Royalties Trading Down 5.3%

Shares of VMET stock opened at $9.79 on Friday. The stock has a 50 day moving average price of $9.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.71 and a quick ratio of 0.71. Versamet Royalties Corporation has a 12 month low of $5.55 and a 12 month high of $15.58. The company has a market cap of $1.07 billion and a P/E ratio of 27.20.

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 firm 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 predict that Versamet Royalties Corporation will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on VMET shares. Wall Street Zen downgraded shares of Versamet Royalties from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings restated 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Versamet Royalties Company Profile

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.