Empire Metals (LON:EEE) Stock Keeps Speculative Buy Rating at Canaccord Genuity Group

Empire Metals (LON:EEE)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued on Thursday, Marketbeat reports. They currently have a GBX 62 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 62.73% from the stock’s current price.

Empire Metals Stock Up 3.7%

LON:EEE traded up GBX 1.35 on Thursday, hitting GBX 38.10. The stock had a trading volume of 2,530,012 shares, compared to its average volume of 2,196,602. 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 has a 52 week low of GBX 25.63 and a 52 week high of GBX 82. The business’s fifty day moving average is GBX 41.17 and its 200 day moving average is GBX 36.89. The company has a market cap of £281.01 million, a PE ratio of -72.99 and a beta of 2.17.

Empire Metals (LON:EEE) last issued 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.