Empire Metals (LON:EEE) Stock Rating Reaffirmed as “Speculative Buy” by Canaccord Genuity Group

Empire Metals (LON:EEE)‘s stock had its “speculative buy” rating reissued by analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 62 target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 67.12% from the stock’s previous close.

Empire Metals Stock Up 2.1%

LON:EEE opened at GBX 37.10 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 20.03 and a current ratio of 37.87. The company has a market capitalization of £273.63 million, a price-to-earnings ratio of -71.07 and a beta of 2.17. Empire Metals has a one year low of GBX 25.63 and a one year high of GBX 82. The stock has a 50-day simple moving average of GBX 41.23 and a 200 day simple moving average of GBX 36.83.

Empire Metals (LON:EEE) last released its earnings results on Thursday, August 27th. The company reported GBX (0.26) EPS 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% 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.