Empire Metals (LON:EEE) Announces Earnings Results

Empire Metals (LON:EEE) posted its quarterly earnings data on Thursday. The company reported GBX (0.26) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Empire Metals Stock Performance

Shares of EEE stock opened at GBX 41.85 on Thursday. The company has a quick ratio of 20.03, a current ratio of 15.45 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of GBX 41.48 and a two-hundred day moving average of GBX 36.27. Empire Metals has a 52 week low of GBX 25.63 and a 52 week high of GBX 84. The company has a market cap of £308.65 million, a P/E ratio of -80.47 and a beta of 2.17.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 62 price target on shares of Empire Metals in a research note on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Empire Metals currently has an average rating of “Buy” and an average price target of GBX 62.

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% TiO? for 113 million tonnes of contained TiO?.

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