Versamet Royalties (NASDAQ:VMET) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Versamet Royalties (NASDAQ:VMET) released its earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07, Zacks reports.

Versamet Royalties Price Performance

Shares of VMET stock traded down $0.98 during trading hours on Thursday, hitting $12.27. 139,390 shares of the company’s stock were exchanged, compared to its average volume of 124,575. The company has a market cap of $1.32 billion and a price-to-earnings ratio of 64.58. Versamet Royalties has a fifty-two week low of $5.40 and a fifty-two week high of $15.58.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VMET shares. BMO Capital Markets raised Versamet Royalties to a “strong-buy” rating in a research report on Monday, April 6th. Zacks Research raised Versamet Royalties to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings started coverage on Versamet Royalties in a report on Tuesday, April 7th. They issued a “sell (e)” rating for the company. Finally, Wall Street Zen raised Versamet Royalties to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.