Canaccord Genuity Group Reiterates Speculative Buy Rating for Empire Metals (LON:EEE)

Empire Metals (LON:EEE)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a research note issued on Thursday, London Stock Exchange reports. They currently have a GBX 62 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 63.16% from the stock’s previous close.

Empire Metals Trading Up 4.1%

Shares of EEE stock opened at GBX 38 on Thursday. Empire Metals has a 12-month low of GBX 25.63 and a 12-month high of GBX 82. The company has a market capitalization of £280.27 million, a PE ratio of -72.80 and a beta of 2.17. The firm has a 50 day moving average price of GBX 41.36 and a two-hundred day moving average price of GBX 36.81. The company has a quick ratio of 20.03, a current ratio of 37.87 and a debt-to-equity ratio of 0.22.

Empire Metals (LON:EEE) last announced its earnings results on Thursday, August 27th. The company reported GBX (0.26) earnings per share 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% TiO₂ for 113 million tonnes of contained TiO₂.

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