Empire Metals’ (EEE) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Empire Metals (LON:EEE)‘s stock had its “speculative buy” rating restated by analysts at Canaccord Genuity Group in a report issued on Thursday, September 24th, MarketBeat reports. They presently have a GBX 62 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 68.94% from the stock’s current price.

Empire Metals Stock Performance

LON EEE traded down GBX 1.05 during trading hours on Thursday, hitting GBX 36.70. 630,375 shares of the stock were exchanged, compared to its average volume of 2,181,114. 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 company has a market cap of £270.68 million, a price-to-earnings ratio of -70.31 and a beta of 2.17. Empire Metals has a 12-month low of GBX 25.63 and a 12-month high of GBX 82. The stock has a 50-day moving average of GBX 41.15 and a 200 day moving average of GBX 36.93.

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

About Empire Metals

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.