Empire Metals (LON:EEE) Earns “Speculative Buy” Rating from Canaccord Genuity Group

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

Empire Metals Price Performance

EEE opened at GBX 37.10 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 37.87 and a quick ratio of 20.03. The company has a market capitalization of £273.63 million, a price-to-earnings ratio of -71.07 and a beta of 2.17. The firm’s fifty day moving average price is GBX 41.23 and its two-hundred day moving average price is GBX 36.83. Empire Metals has a 1 year low of GBX 25.63 and a 1 year high of GBX 82.

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