Empire Metals’ (EEE) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Empire Metals (LON:EEE)‘s stock had its “speculative buy” rating restated by equities research analysts at Canaccord Genuity Group in a research report issued on Thursday, Marketbeat reports. They currently have a GBX 62 target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 67.12% from the company’s current price.

Empire Metals Stock Performance

LON EEE traded up GBX 0.75 on Thursday, hitting GBX 37.10. The stock had a trading volume of 1,994,251 shares, compared to its average volume of 2,208,781. The company has a quick ratio of 20.03, a current ratio of 37.87 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average is GBX 41.23 and its two-hundred day moving average is GBX 36.83. The stock has a market cap 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.

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