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

Versamet Royalties (NASDAQ:VMET) issued its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07, Zacks reports.

Versamet Royalties Stock Down 7.4%

Shares of VMET traded down $0.98 during mid-day trading on Thursday, hitting $12.27. 139,390 shares of the company traded hands, compared to its average volume of 124,575. The company has a market cap of $1.32 billion and a P/E ratio of 64.58. Versamet Royalties has a 1-year low of $5.40 and a 1-year high of $15.58.

Analyst Upgrades and Downgrades

VMET has been the topic of a number of recent research reports. Weiss Ratings initiated coverage on Versamet Royalties in a research report on Tuesday, April 7th. They set a “sell (e)” rating on the stock. 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 research report on Tuesday, April 7th. Finally, Wall Street Zen raised Versamet Royalties to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.